2 d. ago Scott Bessent, the Treasury secretary shaping Trump’s trade war

The former hedge fund manager is being asked to lead negotiations with foreign governments amid America’s self-inflicted hit

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4 d. ago Former US treasury secretary slams Trump tariffs as ‘worst self

Janet Yellen, who also is a former Federal Reserve chair, says Trump’s economic policies increase likelihood of recessionRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

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4 d. ago Inside Trump's whirlwind decision to pause tariffs and how it stunned even his own staff

President Donald Trump sat down with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent in the Oval Office on Wednesday morning to plot a way out of the trade war.

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5 d. ago Trump Treasury Secretary Scott Bessent fires back at 'loser' China in all

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

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7 d. ago Senior Trump officials give conflicting lines on tariffs after markets turmoil

Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possibleSenior officials within Donald Trump’s administration officials gave conflicting messages on Sunday about the US president’s global tariffs that have caused a meltdown in stock markets, prompted warnings of a world recession and provoked rare expressions of dissent from within his Republican party.Cabinet members fanned out across Sunday’s political talk shows armed with talking points on Trump’s 10% across-the-board tariff on almost all US imports, with higher rates targeted at about 60 countries. If the intention was to calm nerves with a clear statement of intent, then it backfired as top officials gave starkly contrasting signals. Continue reading...

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8 d. ago Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemDarren Jones, chief secretary to the Treasury, was also interviewed by Sky News’ Trevor Phillips this morning. He said the UK had been “treated differently to the European Union” as a result of Brexit. As a reminder, Trump has imposed a 10% tariff on UK goods but a 20% tariff on EU goods.Asked if the lower 10% tariff imposed by the US was a “Brexit dividend”, the chief secretary to the Treasury said:It is, there’s one. I’ve struggled to find one in the past but there is one we’ve ended up with.It’s good, but what we’re not going to do is pick or trade off the United States or the European Union.People should be prepared for things to be tougher in the global economy.Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over,...

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1 week ago ‘Don’t retaliate!’ Trump’s treasury secretary begs other countries not to hit back at tariffs

Scott Bessent insisted that the initial market reaction to the tariffs would be a temporary rut on the way to ‘long-term growth’

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