News

US Treasury's Bessent Urges Asian Development Bank to Move Towards Ending China Loans
WASHINGTON (Reuters) - U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take ...
Bessent Says He Expects China Trade Tensions Will De-Escalate
Treasury Secretary Scott Bessent said at a closed-door JPMorgan investor summit that he expects trade tensions with China to ...
Bessent says IMF and World Bank need reform and there’s an ‘opportunity for a big deal’ with China
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...
Bessent believes China impasse over tariffs will de-escalate
Treasury Secretary Scott Bessent told an investor summit Tuesday that he expects the tariff war between the U.S. and China ...
Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool
Speaking in the Oval Office after a brief swearing-in ceremony for Securities and Exchange Commission Chair Paul Atkins ...
Bessent becomes face of trade talks — as Trump says he wants to ‘open China’ to business
Trump trusts his resume, is basically what it comes down to,” a source said of the former hedge fund executive.
Bessent Says U.S. Wants to Help China Pivot Away From Exports
The U.S. wants to help China pivot away from an economic model focused on exports instead of consumption, Treasury Secretary ...
US, China tariffs both need to fall for trade talks to start, Bessent says
U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and ...
US Treasury secretary says trade war with China is not ‘sustainable’
U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable ...
Bessent: US and China tariffs need to come down before talks can start
Treasury Secretary Scott Bessent told reporters Wednesday that high duties imposed by the US and China need to come down ...
US Treasury chief expects China tariff impasse to de-escalate, offer markets relief: Source
Wall Street’s major indexes jumped after a news report on the US Treasury chief’s comments. Read more at straitstimes.com.