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The Latest Breaking News from Scott Bessent

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

Hopes of a tariff deal drove the major indexes higher.

Fortune

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.

International Business Times

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

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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’

The Guardian - UK

Trump’s ‘art of the retreat’ may signal he’s setting Powell up to take the fall for economic turmoil

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.

Fortune

Stocks Slip Before the Open After Mixed Tariff News, Alphabet Earnings on Tap

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.

Barchart

China will talk trade, but US will need to make the first move, experts say

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

Al Jazeera

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Asian Markets Mixed As China Dispels Trump Talk Of Tariff Negotiations

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.

International Business Times

US Treasury Secretary says IMF and World Bank need reform

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.”

Euronews

Wall Street rally falters as Trump sends mixed tariff signals

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.

Euronews

Asian Markets Mostly Up As Trump Soothes Fed Fears

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.

International Business Times

China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

The Independent UK

Australian shares finish short week on a high note

Australian shares have posted a second consecutive week in the green, as cooling rhetoric from the Trump administration over tariffs lifted investor confidence.

AAP

Musk, Bessent had shouting match in WH

A new report details a heated argument between the Trump advisers, within earshot of the president

Salon

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The Independent UK

US trade talks overshadow Reeves’s mission to Washington

The Chancellor has travelled to the US capital for the International Monetary Fund (IMF)’s spring meetings.

The Independent UK

Trumpworld talks out of both sides of its mouth on tariffs and trade

Analysis: Trump’s tariffs might upset the tummy of Wall Street. But its the inconsistency that will give investors heartburn

The Independent UK

Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

International Business Times

Trump Seeks 'Fair Deal' With China But Pathway Unclear

US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing.

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Fortune

Stocks rebound for second consecutive day as the White House signals even more strongly it wants to make nice on tariffs

Stock indexes and the U.S. dollar rose, as investors got hints of a long-sought détente in America’s trade wars.

The Independent UK

Elon Musk and Scott Bessent had a ‘very loud’ shouting match in the West Wing: ‘two billionaire, middle-aged men thinking it was WWE’

The two billionaires have a testy relationship dating back to the post-election transition period

Latin Times

Musk Reportedly Engaged In New Shouting Match With Top Trump Cabinet Member: 'It Was Quite a Scene'

Elon Musk reportedly engaged in a loud confrontation with Treasury Secretary Scott Bessent in the White House, Axios reported

Fortune

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Evening Standard

US ‘keen to do a deal’, says Rachel Reeves as she outlines red lines ahead of trade talks

Chancellor expected to meet US Treasury secretary Scott Bessent on Friday in an attempt to make progress on negotiations for a UK-US economic deal

The Independent UK

US ‘keen to do a deal’, says Chancellor ahead of trade talks

Rachel Reeves has travelled to the US capital for the International Monetary Fund’s spring meetings of G7 and G20 finance ministers.

International Business Times

US Treasury Chief Says IMF, World Bank Must Be 'Fit For Purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.

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