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The Latest Breaking News from Scott Bessent

Scott Bessent says it’s China’s responsibility to ‘de-escalate’ trade war

The U.S. has an escalation plan in its “back pocket” that it doesn’t want to have to use, Bessent said.

Fortune

China Says On 'Right Side Of History' In Trade Standoff With US

Since returning to the White House in January, US President Donald Trump has imposed 10 percent tariffs on most US trading partners and a separate 145 percent levy on many products from China.

International Business Times

Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Evening Standard

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US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Trump claims trade negotiations are happening every day with China. No one in Beijing or Washington seems to know who is doing the talking

President says U.S. and China are talking, China denies it, and no one in the administration seems to know about it

The Independent UK

US treasury secretary says ‘there is a path’ with China over tariff negotiations

‘The Chinese will see this high tariff level is unsustainable for their business,’ says Scott Bessent

The Guardian - US

Despite Pope Francis’s wishes, there’s little appetite for richer nations to help the poorest

Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agenda

The Guardian - UK

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‘I want our young people to be able to work in Europe’, says Rachel Reeves

Chancellor’s remarks, made ahead of the EU-UK summit next month, signal a softening of the government’s position on a youth mobility scheme

The Independent UK

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

Trump Tariff Promises Get A Reality Check

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.

International Business Times

Reeves meets with her American counterpart amid US-UK trade deal talks

Rachel Reeves met Scott Bessent on Friday, after saying Britain’s relationship with the EU is ‘arguably even more important’ than with the US.

Evening Standard

Reeves holds ‘positive and upbeat’ trade talks with Bessent

Chancellor discusses ‘prosperity deal’ with Treasury secretary Scott Bessent but US calls for reduced tariffs on car imports to UK

The Guardian - UK

Jimmy Kimmel on Hegseth bringing his wife to meetings: ‘Maybe she’s his designated driver’

Late-night hosts discuss the defense secretary’s many scandals and Musk’s alleged screaming match outside the Oval Office

The Guardian - US

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

The Guardian - UK

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Euronews

UK chancellor says EU trade relations 'arguably' more important than US

A day after the meeting between the President of the European Commission, Ursula von der Leyen, and UK Prime Minister Keir Starmer, the UK finance minister said that trade relations with the EU may take precedence over those with the US.

Evening Standard

Reeves suggests EU relationship is higher priority ahead of trade talks with US

The EU is the UK’s largest trading partner, with the US the second largest.

The Guardian - UK

UK politics: Reform UK on course to win in two mayoral contests – as it happened

Polling predicts victory for party in Greater Lincolnshire and Hull/East Yorkshire with the Greens possibly taking West of England

The Independent UK

Starmer slaps down Reeves for claiming UK-EU trade more important than US deal ahead of Washington talks

Chancellor made comments ahead of her crucial meeting with US counterpart Scott Bessent on Friday

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news in one place.

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Evening Standard

Reeves to hold trade talks with US counterpart in Washington

Rachel Reeves will conclude her trip to the IMF’s spring meetings with talks on a potential US-UK trade deal.

Evening Standard

West ‘cannot be agnostic or naive’ about where goods are made, Reeves tells IMF

The Chancellor was speaking ahead of a meeting with US Treasury secretary Scott Bessent on Friday.

Latin Times

Musk Called Treasury Secretary Bessent a 'Soros Agent' During White House Clash

Billionaire Elon Musk called Treasury Secretary Scott Bessent a "Soros agent" as the two fought in the White House

Fortune

Stocks surge for 3rd straight day on hopes of tariff progress

Hopes of a tariff deal drove the major indexes higher.

International Business Times

Trump Trade Deals Appear Distant As Tariff Tensions Simmer

US President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was "a long way" off and China insisting talks had not even started.

The Guardian - UK

US and China holding talks on trade war, Trump says after Beijing rebuttal

President’s comments follow Chinese government’s denial of ‘baseless’ claim that Washington was close to deal

The Guardian - UK

IMF chief urges US to strike trade deals swiftly to limit damage to global economy

Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’

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