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The Latest Breaking News from Scott Bessent

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

The Independent UK

UK manufacturers to cut jobs ‘within weeks unless ministers can strike trade deal’

Bosses from automotive, manufacturing and energy warned MPs about effect of Trump tariffs

The Guardian - UK

Markets Soar As Treasury Secretary Reportedly Says Tariff Standoff With China Is Unsustainable And Set To De-Escalate

Markets are soaring after Bloomberg reported on Tuesday that Treasury Secretary Scott Bessent said the tariff standoff with China is unsustainable

Latin Times

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UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

The Independent UK

Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

NEWS ANALYSIS: IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal. Kate Devlin reports

The Independent UK

Trump had a ‘test case’ for trade negotiations with Japan. The failure to reach a deal now has analysts wondering if any will be signed

Trump’s team had hoped for some quick wins when it came to tariff negotiations. That’s looking increasingly unlikely.

Fortune

Even fellow critics of the Federal Reserve want Trump to back off Powell as stocks and the dollar both slide

When politics interferes with the central bank’s ability to set monetary policy, inflation tends to be the result.

Fortune

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Musk wants to leave politics because he’s tired of ‘attacks’ from the left, report says

Speculation of Tesla CEO’s possible departure comes as his influence in the administration appears to wane

The Independent UK

Another crisis, another IMF summit: but unlike 2008, the delegates are disunited

Where once the world came together to fight the credit crunch, Trump’s tariffs will set a more divisive test

The Guardian - UK

DOGE's cuts may encourage tax cheats

New IRS numbers show fewer people are filing their taxes after DOGE took an ax to the agency's workforce

Salon

Musk-Appointed IRS Leader Doesn't Last a Week After Treasury Secretary Claims He Was Instated Without His Approval: Report

The IRS went through another leadership shuffle on Friday with Trump replacing Musk-appointed acting commissioner Gary Shapley after just a few days on the job.

Latin Times

The IRS interim commissioner was just ousted after Scott Bessent reportedly fussed to Trump that Elon Musk installed the leader behind his back

Gary Shapley was named the new agency leader on Tuesday.

Fortune

Reeves to make case for trade deal in first meeting with US treasury secretary

Chancellor will push for deal that protects British car, steel and pharmaceutical industries amid tariff uncertainty

The Guardian - UK

Trump threatens to abandon Ukraine peace efforts unless deal reached ‘very shortly’

President says US may ‘take a pass’ on brokering agreement as Kyiv signs minerals memorandum

The Guardian - UK

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Euronews

Leaked: Ukraine and US intend to finalise mineral exploitation deal by end of April

Ukraine and the United States signed a 'memorandum of intent' on Thursday seen by Euronews laying the groundwork to finalise the mineral deal. Key negotiations are expected in Washington between 21-26 April.

The Independent UK

Ukraine-Russia war latest: Kremlin responds to US threat to abandon peace talks while Kyiv nears Trump minerals deal

Russia claims to be open to talks as one person killed and dozens wounded in Russian strike on Kharkiv

The Independent UK

Trump claims ‘big progress’ in tariff talks with Japan after surprise appearance at negotiations

Japan’s PM says there are still gaps between the two countries’ stances

International Business Times

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

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The Independent UK

US imposes sanctions on a Chinese refinery accused of buying Iranian oil

The Treasury Department has imposed sanctions on a Chinese oil refinery that's accused of purchasing more than $1 billion worth of Iranian oil

The Independent UK

JPMorgan CEO Jamie Dimon warns US could lose credibility over Trump trade war

JPMorgan CEO says no country has ‘divine right to success’ in latest caution to president

International Business Times

China Tells Trump To 'Stop Threatening And Blackmailing'

China told Washington on Wednesday to "stop threatening and blackmailing" after US President Donald Trump said it was up to Beijing to come to the negotiating table to discuss ending their trade war.

International Business Times

Trump Says Ball In China's Court On Tariffs

"The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," said a statement from Trump read out by Press Secretary Karoline Leavitt. "There's no difference between China and any other country except they are much larger," she…

The Independent UK

What does it mean that Milei ended Argentina's strict controls on currency and capital?

President Javier Milei promised Argentinians that an economic revival would follow the pain of harsh austerity

Reason

Homegrowns Are Next

Plus: Luigi trial, Polis sucking, tariff polling, and more...

Latin Times

Stocks Rise As Stability Returns, Autos Surge On Exemption Hope

The US president's unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new levies on high-end technology and pharmaceuticals dampening sentiment.

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