The Latest Breaking News from Scott Bessent

Hopes of a tariff deal drove the major indexes higher.

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.

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

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

Trump’s tactical retreat on key points like Fed Chair Powell and trade negotiations with China signals a change within the White House—potentially lining up a scapegoat if its policies fall flat.

June S&P 500 E-Mini futures (ESM25) are down -0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.79% this morning as mixed signals from the Trump administration prompted investors to temper their expectations for swift progress in resolving the U.S.-China tariff dispute.

Beijing is in a stronger position than Washington to negotiate trade deal, analysts say.

Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China.