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The Latest Breaking News from Scott Bessent

Thursday briefing: Trump puts global tariffs on pause – but hikes them for China

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn

The Guardian - UK

What Trump’s 90-Day Tariff Pause *Actually* Means For Young Aussies

Donald Trump has hit pause on his global tariff spree — for 90 days, at least. But don’t mistake this for a full-on retreat. Think of it more like an intermission in a chaotic play where everyone’s still yelling at each other backstage. Let’s break down why Trump made this…

Pedestrian.tv

US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – as it happened

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

The Guardian - UK

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Art Of The Deal? How Trump Backed Down On Tariffs

It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post.

International Business Times

Billionaire Trump backer Bill Ackman mercilessly teased after hailing president’s ‘Art of the Deal’ tariffs climbdown

‘Pigeons have better pattern recognition than you do, Bill’

The Independent UK

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

‘I want to tell you right now that Donald Trump outsmarted the world,’ Charles Gasparino said. ‘But that's not really what happened here’

The Independent UK

Stock Market Today: Tariff Pause Triggers 3,000-Point Dow Rally

The bond market is sending concerning signals as the Trump administration executes its rapid reordering of global trade relationships.

Kiplinger

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'Permanent damage has been done,' portfolio manager warns, as markets rejoice following Trump's tariff freeze

Stock markets rebounded following the announcement that tariffs would ratchet down to a 10% universal levy, except for China.

Fortune

Bessent denies bond selloff made Trump back down on tariffs

Hedge funds typically profit handsomely from the $1 trillion “basis trade,” but the Federal Reserve could be forced to step in as yields surge.

Fortune

Trump puts some tariffs on ice after days of global mayhem—except for China, ‘based on the lack of respect’

The three-month pause comes after trillions evaporated from the stock market over the course of a market-melting start to the week.

Fortune

Donald Trump announces 90-day tariff pause for most nations

US PRESIDENT Donald Trump has abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125…

The National (Scotland)

Jamie Dimon eyes a ‘likely’ recession, unless the Trump administration turns tariffs into trade deals: ‘That’s the best thing they can do’

Dimon, CEO of JPMorgan Chase, is one of the most respected figures in corporate America.

Fortune

Trump Tells US To 'Be Cool' As China, EU Strike Back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

International Business Times

IRS chief resigns after Trump administration strikes deal to share undocumented taxpayer data

‘Backroom deal’ could hand taxpayer data to ICE agents as part of Trump’s deportation blitz

The Independent UK

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International Business Times

US Treasury Chief Defends Tariffs, Warns Against Aligning With China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

Salon

Trump's tariff message gets muddled

While the billionaires in Trump's orbit may have different visions, they all want the same thing

Tom’s Guide

How about Trump tariff live updates — first major price increases hit big tech

President Donald Trump's tariffs been paused for some countries, and we're bringing you live updates on the impact across the tech world.

The Independent UK

Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. That's according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem

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Fortune

Treasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since 'Liberation Day' to talk trade

“Trying to negotiate individual trade agreements with 70 (or more) countries is difficult and will take time,” a research fellow for a libertarian think tank said.

The Guardian - US

Trump confirms 104% tariffs on Chinese goods as part of unfolding global trade war

Beijing vows to ‘fight to the end’ as president claims ‘many’ countries are seeking a deal with US

International Business Times

Trump Official Insists Tariff Negotiations Had 'Nothing to Do With' Stock Market Tanking for Several Days

Scott Bessent defended Trump's approach to global trade talks, insisting the stock market's recent plunge had nothing to do with ongoing tariff negotiations.

The Independent UK

White House says nations are rushing to make deals with Trump before tariffs start

Treasury Secretary Scott Bessent reiterated that foreign leaders should ‘keep their cool’ over the president’s sweeping global tariffs

The Guardian - UK

Reeves tries to soothe market jitters after sell-off driven by Trump tariffs

Wall Street rises after Treasury secretary says US can reach ‘some good deals’ with trading partners

Fortune

Markets will keep tanking until Trump tells them what it is he actually wants, Treasury’s Bessent reportedly tells president

President Trump is told to provide a road map to investors on how he intends to chart a way out of the tariff crisis he has unleashed before it spirals out of control.

Fortune

Trump economic officials revere billionaire Stanley Druckenmiller, but he says he does not support tariffs over 10%

The administration has disappointed Wall Street amid the stock market’s avoidable tailspin.

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