The Latest Breaking News from Scott Bessent

House Dems Demand Reports On Trump Crypto Projects' 'Suspicious Activity'

Top House Democratic lawmakers on Wednesday demanded that Treasury Secretary Scott Bessent provide reports on alleged "suspicious activity" around World Liberty Financial and the $TRUMP and $MELANIA meme coins.

International Business Times · May 15, 2025

Did the US flinch first in tariff war with China?

A high-stakes game of chicken has come to an end for 90 days, as both China and the US claim the upper hand.

Al Jazeera · May 14, 2025

No Divorce From China

Plus: Homeless encampments in California, taxing university endowments, and more...

Reason · May 13, 2025

Trump might claim China tariff victory – but this is Capitulation Day

The president’s retreat suggests he might negotiate elsewhere, but leaves corrosive uncertainty in its wake

The Guardian - UK · May 12, 2025

FTSE 100 lags behind Europe in stock markets’ response to US-China trade deal announcement

US stocks are set to open higher later on Monday, while Europe’s major markets are all up in trading

The Independent UK · May 12, 2025

Markets Rally After China And US Slash Tariffs For 90 Days

Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2, with the heftiest saved for Beijing, raising concerns of a trade war between the economic superpowers.

Latin Times · May 12, 2025

US and China talk it out at Geneva, agreeing to suspend ultra-high tariffs for 90 days, but PC parts don't seem to be part of the deal

Sector-specific tariffs aren't part of the deal.

PC Gamer · May 12, 2025

U.S.-China deal signals Trump's team has an appetite for deescalation, leaving analysts wondering if this is a clean-up operation or longer term strategy

Markets are rallying this morning following Treasury Secretary Scott Bessent's announcement that China and the U.S. would both be dropping their tariff rates by 115% for 90 days.

Fortune · May 12, 2025

First Thing: China and US agree 90-day pause to trade war initiated by Donald Trump

Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’. Plus, meet the TV and film stars who didn’t even act

The Guardian - UK · May 12, 2025

Investors think China is winning Trump’s trade war as stocks rally globally

The China deal, like the U.K. deal, still leaves the U.S. with much higher barriers to trade than it had before.

Fortune · May 12, 2025