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The Latest Breaking News from Scott Bessent

How do Trump’s tariffs affect Asian countries?

US president blindsides Asian partners with steep new levies that threaten to redraw region’s economic and strategic map, Shweta Sharma writes

The Independent UK

Beijing officials warm to the idea of a yuan stablecoin, driven by the 'fear of missing out'

Some Chinese officials worry that the U.S.'s decision to embrace stablecoins through the Genius Act might reverse the trend of de-dollarization.

Fortune

First Thing: Israel’s measures do nothing to stop Gaza starvation crisis, say aid workers

The UN has called for a full ceasefire and for Israel to allow humanitarian aid in. Plus, Trump accused of ‘direct attack’ on Brazilian democracy over judge sanctions

The Guardian - UK

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Trump’s baby savings accounts are just a ‘back door to privatizing Social Security,’ treasury secretary admits

Democrats seized on the comment as a signal that Republicans want to privatize Social Security—an unpopular GOP idea that was floated 20 years ago and swiftly abandoned

The Independent UK

Chuck Schumer Says Scott Bessent 'Slipped' And 'Told The Truth' About Trump's Social Security Privatization Plan

Treasury Secretary Scott Bessent said Wednesday that President Donald Trump's new children's savings program "is a back door for privatizing Social Security," a remark at a Breitbart News forum that revived a long-fraught debate Republicans have largely avoided in recent years.

Benzinga

US says sanctions hit Iran ‘shipping empire’ linked to top Tehran official

Sanctions said to target shipping controlled by Mohammad Hossein Shamkhani, son of top adviser to Iran’s supreme leader.

Al Jazeera

Trump Punishes Brazil With Tariffs, Sanctions Over Trial Of Ally Bolsonaro

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy.

International Business Times

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Trump accused of ‘attack on Brazilian democracy’ after sanctioning Bolsonaro trial judge

US treasury imposes sanctions on Alexandre de Moraes, presiding over Bolsonaro alleged coup plot trial

The Guardian - US

China promises to help companies slammed by tariffs, as talks with the US left in limbo

China's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo

The Independent UK

Trump Has The 'Final Say' On Extending US-China Truce, Says Scott Bessent After A 'Refined' Tariff Talks

The potential extension of the tariff pause between the United States and China is contingent on President Donald Trump‘s approval, according to U.S. negotiators.

Benzinga

US and China prepare to extend tariff pause after Stockholm talks

US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.

Euronews

US Says Trump Has 'Final Call' On China Trade Truce

China and the United States agreed Tuesday to hold further talks on extending their tariff truce, but a top US trade official stressed that President Donald Trump would make any "final call."

International Business Times

US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

The Guardian - UK

US and China push for breakthrough in Sweden as tariff talks enter day two

Representatives of the world’s two largest economies meet in Sweden as the expiration date for a 90‑day pause on tariffs draws near.

Euronews

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The Independent UK

Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs

Chinese and U.S. trade officials were heading into a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies

The Guardian - UK

IMF warns on risks to global economy amid tariff trade shock – as it happened

Live, rolling coverage of business, economics and financial markets as economists say ‘risks to the global economy remain firmly to the downside’ amid Donald Trump’s trade war

Al Jazeera

Trump denies seeking summit with Xi, says he ‘may’ visit China

US president says he will visit China only at the invitation of Chinese leader.

The Independent UK

Asian shares mostly slip as focus shifts to US talks with China

Asian shares are mostly lower as some of the euphoria fizzles out over a tariff deal with Japan as proposed recently by President Donald Trump

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news in one place.

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Benzinga

Trump-Xi Meeting On Horizon As US-China Hold Marathon 5-Hour Trade Talks In Stockholm

Top economic officials from the United States and China met in Stockholm on Monday to discuss extending the trade truce between the two nations. This meeting is crucial as it aims to resolve ongoing economic disputes that have been central to the trade war between these global economic powerhouses.

International Business Times UK

US and China to Clash in Sweden: Will Trade Truce Survive Beyond August?

US and China negotiate in Stockholm on 28 July 2025 to extend tariff truce, addressing fentanyl tariffs and rare earths, with global trade at stake.

The Independent UK

US and China officials meet in Stockholm to discuss how to ease trade tensions

Top trade officials from China and the United States have arrived in Stockholm for a new round of talks aimed at easing trade tensions

Euronews

US and China to talk in Stockholm as trade truce expiration nears

The talks are a precursor to a potential autumn meeting between US President Donald Trump and Chinese leader Xi Jinping.

International Business Times

US-China Set To Meet With Extension Of Tariff Pause On The Cards

Top economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald Trump's trade policy enters a critical week.

Benzinga

Trump's Fentanyl Tariffs In Beijing's Crosshairs As China, US Reportedly Set To Meet For Stockholm Trade Talks

Amid ongoing trade tensions, top officials from the United States and China are scheduled to meet in Stockholm to address pressing trade issues.

The Independent UK

US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year

U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders

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