The Latest Breaking News from Scott Bessent

The U.S. and China had previously agreed to a 90-day pause in which both countries would ratchet down reciprocal tariffs.

Friday Truth Social post also claimed China had been in “grave economic danger” before a deal was reached two weeks ago

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning as investors grappled with fresh uncertainty surrounding U.S. President Donald Trump’s tariff policies and looked ahead to the release of the Federal Reserve’s first-line inflation gauge.

NEWS ANALYSIS: Had Keir Starmer and his ambassador in the US listened to wiser voices in Washington, they may not have been in such a hurry to get a trade deal based on reducing ‘Liberation Day’ tariffs over the line, writes Political Editor David Maddox

A combination of pro-growth trade policies, tax cuts, and deregulation will soon lead to a pickup in activity, according to the Trump administration, following a 0.3% annualized contraction in the first quarter.

A senior Trump administration official is being mocked by social media users online for being unable to identify the next nation the US is expected to complete a trade deal with during a televised interview.

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

June S&P 500 E-Mini futures (ESM25) are trending up +0.10% this morning, stabilizing after yesterday’s drop, while investors await U.S. business activity data and a potential pre-dawn vote in the U.S. House of Representatives on President Donald Trump’s sweeping tax and spending bill.

President says he will speak with advisers about taking public firms that support about 70% of US mortgages

Bessent repeatedly shouted the profane insult at the Tesla billionaire, who responded by yelling, ‘Say it louder,’ as they brawled within earshot of President Trump.