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The Latest Breaking News from Scott Bessent

Rachel Reeves dashes hopes of early breakthrough in UK-US trade deal

Chancellor says UK is ‘not going to rush a deal’ and rejects new US demands on agricultural products

The Guardian - UK

Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions of the effect on Britain’s economy if Trump goes ahead with his tariffs

The Independent UK

Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors

The Guardian - US

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Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool

The Treasury Secretary says the U.S. and China can work together to ‘rebalance’ their respective economies

The Independent UK

Scott Bessent says China must move away from export overcapacity and American overreliance: 'Everyone knows it needs to change'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first does not mean America alone,” sharing that more than 100 countries have come to the table to talk trade deals.

Fortune

Qualcomm’s Range Narrows Ahead of Earnings as Bulls Step In

Qualcomm continues to climb into earnings, with a tightening range and analyst support pointing to bullish momentum at just the right time.

MarketBeat

The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the…

The Independent UK

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‘Don’t fight the Oval Office’: Investors are finally taking Trump seriously, and it’s causing a volatility spike

Volatility has plagued stocks in recent months, and major indexes are down since Trump’s election in November.

Fortune

China Says 'Door Open' To Trade Talks After Trump Signals Tariffs Will Fall

Bringing further relief to global markets spooked by his aggressive trade policies, Trump also said on Tuesday he had no intention of firing US Federal Reserve Chair Jerome Powell.

Latin Times

First Thing: US lawmakers decry ‘national disgrace’ of student detentions on visit to Ice jails

Delegation reports poor conditions. Plus, Musk says he will step back slightly from Doge after Tesla profits slide 71%

The Guardian - UK

Global markets rally after Trump walks back Powell attacks and Bessent looks for China 'de-escalation'

Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.

Fortune

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Barchart

Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

The Guardian - US

Chinese PM writes to Japan stressing need to jointly fight Trump’s tariffs

China has reportedly urged Japan for a coordinated response to tariffs imposed on both nations by US president Donald Trump.

The Independent UK

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The Guardian - UK

UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – as it happened

Gloomy business surveys for UK, Europe and US show tariffs starting to take their toll but stocks, dollar rally on hopes of US-China trade deal

Euronews

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

International Business Times

Trump Says Won't Fire Fed Chief, Signals China Tariffs Will Come Down

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

Al Jazeera

Trump backs off threat to fire Fed Chair Powell, as stock market surges

Wall Street rallies after US Treasury Secretary says trade war with China ‘unsustainable’.

Get all your
news in one place.

100's of premium titles.
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The Guardian - US

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

The Guardian - UK

Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’

Salon

Trump, Bessent hint at tariff cooldown

Trump administration officials have changed their tune on tariffs as new forecasts predict dark days ahead

Fortune

Stock market rallies after closed-door remarks by Treasury Secretary Bessent

The S&P 500 climbed 2.5% after a broad market selloff on Monday.

Kiplinger

Stock Market Today: Stocks Soar on China Trade Talk Hopes

Treasury Secretary Bessent said current U.S.-China trade relations are unsustainable and signaled hopes for negotiations.

International Business Times

US Treasury Chief Expects China Tariff Impasse To De-escalate

The trade standoff between Washington and Beijing is not sustainable, US Treasury Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon.

The Independent UK

US Treasury secretary says trade war with China is not 'sustainable'

U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies

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