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Scott Bessent

Scott Bessent

Trump Defends Tariffs on China, Says Beijing Will Bear the Cost
Business News

Trump Defends Tariffs on China, Says Beijing Will Bear the Cost

The President of the USA, Donald Trump, says that China deserves the heavy tariffs he has imposed on the country and that he believes Beijing will ultimately bear the cost rather than American consumers.
IMF Approves Loan to Argentina Amid Board Doubts and Political Ties
Business News

IMF Approves Loan to Argentina Amid Board Doubts and Political Ties

Indebted Argentina recently received the green light for a new giant loan from the International Monetary Fund (IMF). However, around half of the IMF board, which decides on the loan, felt doubts and believed that everything seemed predetermined from the start, according to several anonymous sources for the news agency Bloomberg
Bessent: US-South Korea Tariff Talks Progressing Towards Agreement
Business News

Bessent: US-South Korea Tariff Talks Progressing Towards Agreement

The USA and South Korea may reach a "consensus" on trade as early as next week, according to American Finance Minister Scott Bessent.
Asian Markets Rise Amid Positive US Tariff Negotiation Signals
Business News

Asian Markets Rise Amid Positive US Tariff Negotiation Signals

The development on Asia's leading stock exchanges mostly pointed upwards in Friday's initial trading, following signs that the US may be approaching agreements in tariff negotiations with individual countries.
China Confirms No Tariff Talks with US
Business News

China Confirms No Tariff Talks with US

There are no negotiations whatsoever between the USA and China regarding the high tariffs. This is stated by a spokesperson for the Chinese trade department on Thursday
Wall Street Rises as US-China Trade Tensions Ease
Business News

Wall Street Rises as US-China Trade Tensions Ease

The cheerful tones on the US stock exchange continued on Wednesday. All leading indices closed on plus after indications of a cooling trade conflict with China
Trump Signals Major Reduction in US Tariffs on Chinese Goods
Business News

Trump Signals Major Reduction in US Tariffs on Chinese Goods

The USA's tariffs on Chinese goods at 145 percent are a "very high level", says President Donald Trump – and adds that the level will be "significantly reduced".
US Finance Minister Anticipates Easing of China Trade Tensions
Business NewsTop News

US Finance Minister Anticipates Easing of China Trade Tensions

The US Finance Minister Scott Bessent has said at a meeting for investors that the trade war against China is unsustainable and that he expects the situation to be scaled down in a "very near future", according to sources.
Wall Street Rallies as Tech Giants Lead Gains on Tuesday
Business News

Wall Street Rallies as Tech Giants Lead Gains on Tuesday

The New York stock exchange bounced back on Tuesday. All leading indexes closed on the plus side
Judge Blocks Trump's Plan to Cut CFPB Workforce
World News

Judge Blocks Trump's Plan to Cut CFPB Workforce

A federal judge in Washington DC stops President Donald Trump's plans to dismiss most of the employees at the consumer protection agency CFPB.
Indonesia to Boost Oil and Gas Imports from USA to Ease Trade Tariffs
Business News

Indonesia to Boost Oil and Gas Imports from USA to Ease Trade Tariffs

Indonesia is to increase oil and gas imports from the USA. This as part of negotiations to alleviate the American trade tariffs
Peter Navarro: The Loyal Architect Behind Trump's Trade Tariffs
World News

Peter Navarro: The Loyal Architect Behind Trump's Trade Tariffs

He went to prison for Donald Trump. Now Peter Navarro is driving the president's controversial trade war against the world
Trump Reports 'Great Progress' in Trade Talks with Japan
Business News

Trump Reports 'Great Progress' in Trade Talks with Japan

USA's President Donald Trump claims that "great progress" has been made in meetings with Japan's envoy on the tariff issue at the White House. Of course, the talks are not easy, says Japanese Prime Minister Shigeru Ishiba in Tokyo
Trump Joins Japan Tariff Talks as Negotiations Begin in Washington
Business News

Trump Joins Japan Tariff Talks as Negotiations Begin in Washington

Japan has appointed a negotiator who, starting today, is in the USA to negotiate about Trump's new tariffs. President Donald Trump writes on Truth Social that he personally will participate in the negotiations
US Plans Trade Strategy to Encourage Countries to Limit China Ties
Business News

US Plans Trade Strategy to Encourage Countries to Limit China Ties

The Trump administration plans to utilize tariff negotiations to pressure other countries to isolate China, reports The Wall Street Journal, citing sources.
China sharply raises tariffs against the USA
Business NewsTop News

China sharply raises tariffs against the USA

China is to raise tariffs on goods from the USA to 125 percent. At the same time, Beijing says it will ignore further hikes from the American side – and wants to unite with the EU against the USA
Trump Pauses Tariffs for 90 Days to Boost Trade Talks with EU
Business NewsTop News

Trump Pauses Tariffs for 90 Days to Boost Trade Talks with EU

The USA is pausing tariffs for 90 days for countries that have not introduced retaliatory tariffs against the country, writes President Donald Trump on Truth Social. According to the White House, the pause is "universal" and thus also applies to the EU
Deutsche Bank Warns Fed May Need to Act on Rising US Interest Rates
Business News

Deutsche Bank Warns Fed May Need to Act on Rising US Interest Rates

Long American market interest rates have turned sharply upwards after the Trump administration's tariff shock last week. If it holds, support purchases by the USA's central bank Federal Reserve (Fed) will be required to avoid a crisis, warns the major bank Deutsche Bank – a heavy market player
WTO Warns of Major Trade Decline as US-China Tariff War Escalates
Business NewsTop News

WTO Warns of Major Trade Decline as US-China Tariff War Escalates

China raised the new tariffs on goods from the USA to 84 percent. The USA's President Donald Trump in turn raised the tariffs on Chinese goods to 125 percent
Wall Street Slips as Major Tech Stocks Tumble
Business News

Wall Street Slips as Major Tech Stocks Tumble

The New York stock exchange rose sharply in Tuesday's initial trading, but the leading indexes then fell back – significantly. At closing, the broad S&P 500 index had fallen 1
Finance Minister Bessent: US to Prioritize Talks with Non-Tariff Nations
Business News

Finance Minister Bessent: US to Prioritize Talks with Non-Tariff Nations

Over 50 Nations Seek Tariff Talks as US Markets React to New Policies
Business News

Over 50 Nations Seek Tariff Talks as US Markets React to New Policies

The USA's Finance Minister Scott Bessent dismisses that President Donald Trump's new import tariffs are on their way to driving the country's economy into a recession. He also says that over 50 countries have made contact and want to negotiate about the tariffs
US Finance Minister Urges Nations: Hold Off on Retaliating to Tariffs
Business News

US Finance Minister Urges Nations: Hold Off on Retaliating to Tariffs

The USA's Finance Minister Scott Bessent warns the world's countries against responding to President Donald Trump's new tariffs. My advice to every country right now is not to retaliate, says Bessent to Fox News
Trump Announces 20 Percent Tariffs on EU Goods
Business NewsTop News

Trump Announces 20 Percent Tariffs on EU Goods

The USA is introducing tariffs of 20 percent on goods from the EU, announces President Donald Trump at a press conference. He also confirms that the USA is introducing tariffs of 25 percent on all foreign-built vehicles
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