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The Latest Breaking News from Scott Bessent

JP Morgan chief defends independence of Fed chair amid Trump attacks

Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun

The Guardian - UK

Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'

JPMorgan CEO Jamie Dimon responded hours later that he believes Fed independence is "absolutely critical."

Fortune

Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report

The Cato Institute and the New Civil Liberties Alliance (NCLA) have called on the Federal Circuit to strike down President Donald Trump‘s tariffs, arguing they rely on a statute that does not grant any authority to impose such tariffs.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump's 'I Like You Better' Sparks Talk Of Bessent As Next Fed Chief

A seemingly offhand remark from President Donald Trump has set off a wave of speculation in Washington and on Wall Street about the future leadership of the Federal Reserve.

Benzinga

Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

The Independent UK

Copper Hits Record High As Trump Confirms 50% Tariff, Extends Deadline To August 1

Market analysts say the surge reflects concerns about supply disruptions and global reshuffling of industrial metals sourcing.

International Business Times

Trump is addressing more nations with tariff letters - what's next?

The US President has been sending letters to various countries to address major trade agreements. But according to experts, they tell a confusing story about his policies.

Euronews

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Scott Bessent Never 'Made Time' For Japan's Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?

Economist Justin Wolfers pushed back against President Donald Trump’s 25% tariffs on Japan, despite the latter actively working towards a resolution on the matter.

Benzinga

Treasury Secretary Scott Bessent Plans China Talks Amid Trump's Escalating Tariff Push

U.S. Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade discussions between the world’s two largest economies, amid escalating tariff threats from President Donald Trump.

Benzinga

Trump ramps up trade war with tariff blitz targeting 14 countries

Trump threatens to impose tariffs of 25-40 percent from August 1 unless countries make concessions on trade.

Al Jazeera

Trump’s moving goalposts on tariffs show how hard it will be to win his trade war

ANALYSIS: It turns out getting 90 deals in 90 days is harder than making almost every Republican bend the knee, Eric Garcia writes

The Independent UK

London stocks close lower amid US tariffs uncertainty

The FTSE 100 index closed down 16.38 points, 0.2%, at 8,806.53.

Evening Standard

Trump delays tariff hikes again but announces new rates for some countries

US president posted copies of letters addressed to leaders of both countries on social media, stoking further confusion

The Guardian - US

Trump Threatens Extra 10% Tariff on Countries Siding With BRICS, Calls Alliance 'Anti-American'

Donald Trump issued a warning, saying that countries backing the BRICS alliance would face an additional 10% tariff.

International Business Times UK

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International Business Times

Trump Steps Up Pressure For Deals As US Tariff Deadline Nears

Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.

Latin Times

Musk Calls Treasury Secretary Bessent a 'Soros Stooge' After Saying He Was Not Popular Among Americans

Elon Musk slammed Treasury Secretary Scott Bessent after the official said he was not popular among Americans and suggested his business boards did not receive well the news of his new "America Party"

Fortune

America Party is ‘exactly the opposite’ of what Elon Musk’s shareholders want and could force Tesla's board to intervene, warns Dan Ives

The veteran Tesla bull says there is a "sense of exhaustion" from many investors that their CEO keeps heading down the political track.

The Guardian - US

Trump takes on the Fed – but he has little power over central bank, economists say

President has savaged Federal Reserve chair Jerome Powell for not lowering interest rates, but he can’t easily fire him

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Barchart

Stocks Set to Open Lower as Trade Worries Return

September S&P 500 E-Mini futures (ESU25) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.53% this morning, starting the week on a downbeat note as uncertainty surrounding U.S. tariffs remains elevated ahead of the July 9th deadline to complete trade negotiations.

Benzinga

Scott Bessent Says Tariff Rates Set To 'Boomerang Back' In August For Countries Failing To Strike A Deal

Treasury Secretary Scott Bessent has cautioned that countries failing to negotiate a deal with the U.S. will face a return to higher tariff rates from August 1.

The Guardian - UK

Trump and US commerce secretary say tariffs are delayed until 1 August, sparking confusion

President says team will start sending trade partners letters with new tariff rates ahead of this week’s original 90-day deadline to make deal

Al Jazeera

Trump’s July 9 tariff deadline: What’s next for global trade?

US trade partners are racing to negotiate deals to avoid being slapped with steep tariffs from this week.

Benzinga

Craig Shapiro Slams Jerome Powell's Legacy Of 'Quiet Surrender' To Wall Street And The US Treasury: 'No Longer Serves The Public'

Macro strategist Craig Shapiro delivered a scathing critique of Fed Chair Jerome Powell’s performance over the years, pushing back against the growing narrative that casts his tenure in a positive light.

Euronews

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

Benzinga

Scott Bessent Slams Larry Summers' '2,000 Days Of Death' Remark On Trump Tax Plan: Demands Apology Over 'Callous' TV Comment

Treasury Secretary Scott Bessent criticized former Treasury Secretary Larry Summers on Monday, calling his recent television comments about Trump’s tax legislation “shockingly callous” and demanding a public apology.

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