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The Latest Breaking News from Scott Bessent

Trump arrives in Davos as Europe struggles for unity over Greenland

US President Donald Trump arrives in Davos on Wednesday for talks with European leaders over Greenland, after renewing claims that the United States needs the Arctic territory for national and global security and promising a “very positive” outcome. The showdown comes as European leaders warn against power politics and struggle…

Radio France Internationale

Scott Bessent desperately tries to walk back Trump’s letter linking Greenland with Nobel Prize snub: ‘A complete canard’

In a leaked message to the Norwegian prime minister, Trump said being snubbed for a Nobel Peace Prize inspired him to no longer ‘think purely of Peace’ when it comes to the U.S. taking over Greenland

The Independent UK

China meets initial soybean purchase goal, but Trump's shifting trade policy could disrupt deal

The Trump administration says China has fulfilled its initial commitment to buy 12 million metric tons of soybeans, but it’s not clear if the trade agreement announced in October can withstand President Donald Trump’s ever-shifting trade policy as American farmers are still dealing with high production costs

The Independent UK

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Even Trump’s former chief of staff speaks out against some of his takeover plans: ‘What are we doing here?’

Former acting White House chief of staff said Trump’s policy on Greenland could hurt his affordability messaging

The Independent UK

From a T-Rex to the Hungry Caterpillar: Trump’s Greenland threats unleash attacks from world leaders at Davos

European leaders and California Gov Gavin Newsom have expressed strong concerns at the World Economic Forum over the Greenland crisis and global trade issues

The Independent UK

Europe condemns Trump’s ‘new colonialism’ as Greenland crisis grows

US president says there is ‘no going back’ on goal of controlling Arctic territory as Emmanuel Macron leads European resistance

The Guardian - UK

Bessent urges Europe not to retaliate against Trump’s Greenland tariffs

US treasury secretary says at WEF in Davos that countries and companies should pause and ‘let things play out’

The Guardian - UK

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Bessent says US-Europe relations have 'never been closer' despite Greenland crisis

U.S. Treasury Secretary Scott Bessent says America’s relations with Europe remain strong

The Independent UK

Davos: Reeves urges leaders to keep cool heads over tariff threat; Canada’s Carney stands with Greenland – as it happened

Rolling coverage of the World Economic Forum in Davos, where European Commission president says Europe must respond to geopolitical shocks

The Guardian - UK

Trump’s tariff threats keep European stocks on back foot

Beazley was the FTSE’s star blue-chip performer surging 43% after Zurich Insurance said it has tabled a £7.7-bn bid for the London-listed insurer.

Evening Standard

Davos sneak peek: Trump, Bessent bring American bravado to world stage

Trump administration officials plan to focus on economic growth, home ownership and peace through strength.

Axios

Today's Words of Wisdom

Treasury Secretary Scott Bessent's brilliant - irrefutable! - defense of the President's emergency powers.

Reason

Trump is sending funds from Venezuela oil to a bank in Qatar: report

Senior officials claim Gulf state provides neutral location to store proceeds from which they can be moved safely and without risk of seizure

The Independent UK

Rural America is getting a bailout, but not from Trump—billionaires are riding to the rescue

It's not just MacKenzie Scott who's giving back to American communities.

Fortune

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The Independent UK

Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report

Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders

International Business Times UK

Trump Hints $2,000 Tariff Rebate Cheques Could Land 'Toward Year-End' — Family Relief

Trump hints that £1,600 ($2,000) tariff rebate cheques may arrive by the end of 2026, though Treasury Secretary Scott Bessent warns legal hurdles could delay payouts.

The Independent UK

Trump hints at when you can expect a $2,000 tariff check - but be prepared to wait

Trump has repeatedly floated the idea of giving cash to Americans, which he claimed is possible due to revenue generated from his trade tariffs

Axios

Scoop: Bessent told Trump that investigation of Fed chair creates a "mess"

"The secretary isn't happy, and he let the president know," one source familiar with Bessent's call to Trump told Axios.

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The Independent UK

US treasury secretary says Argentina has repaid its US credit line in a win for Milei

U.S. Treasury Secretary Scott Bessent says that Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration

The Guardian - AU

US will be exempt from global tax deal targeting profits of large multinationals

Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%

Fortune

Under Biden, America got 150 countries to agree a 15% global corporate tax. Under Trump, America gets an exemption

Scott Bessent called it “a historic victory in preserving U.S. sovereignty and protecting American workers and businesses from extraterritorial overreach."

The Independent UK

US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown

The U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property

International Business Times UK

Americans Could See Tax Refunds Up to $2,000 in 2026 Under Trump's 'One Big Beautiful Bill,' Treasury Says

Treasury Secretary Scott Bessent says Trump's One Big Beautiful Bill could give households up to £1,600 ($2,000) in tax refunds by early 2026, with billions returning via retroactive code changes.

Fortune

No one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year

“How much can truly change under a single administration?” I asked one source. “Three years is a long time yet,” came the response.

International Business Times

Treasury Secretary Bessent 'Shamed In Public' While Eating Out For 'Economic Warfare' Sanctions

Treasury Secretary Scott Bessent was publicly heckled at a D.C. restaurant over the Trump administration's sanctions policies, highlighting growing domestic controversy over economic warfare and humanitarian impact.

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