Scott Bessent says Trump's China trade talks 'stalled'
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As President Donald Trump conducted an impromptu news conference in Doha, Qatar, this month, surrounded by business leaders and top advisers, he made a point of singling out one person in particular.
The push to eliminate penny production has received support from lawmakers on both sides of the political aisle.
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Treasury Secretary Scott Bessent, in an appearance on Fox News on Thursday night, said that trade negotiations between the United States and China are “a bit stalled” and that President Donald Trump and Chinese President Xi Jinping may need to speak to each other to move forward.
US Treasury Secretary Scott Bessent dismissed Moody's downgrade of the United States’ sovereign credit rating. The ratings firm expects the US to add $4 trillion to the federal primary deficit in the next 10 years.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."
Treasury Secretary Scott Bessent defended the Trump administration’s decision to accept a $400 million luxury jet from Qatar, comparing it to the French gift of the Statue of Liberty, while
Treasury Secretary Scott Bessent said Qatar giving Donald Trump a jumbo jet is similar to France giving the U.S. the Statue of Liberty. It is not.
Japan's chief tariff negotiator, Ryosei Akazawa, will hold another round of talks on Friday with U.S. Treasury Secretary Scott B