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The Latest Breaking News from Scott Bessent

This week: Senate to weigh in on tariffs, shutdown pay for air traffic controllers - Roll Call

The Senate this week is expected to vote on disapproval resolutions related to Trump's tariffs, in addition to votes related to the shutdown.

Roll Call

Trump 'Inherited This Terrible Affordability Crisis' From Biden, Says Scott Bessent: Says 'Overall' Inflation Has Come Down

U.S. Treasury Secretary Scott Bessent defended the Trump administration’s handling of inflation and the affordability crisis, which he said was inherited from the previous administration led by President Joe Biden.

Benzinga

Trump news at a glance: administration accused of attack on free speech after British journalist detained

Homeland security said Hamdi’s visa had been revoked amid claims the move was apparent retaliation for his criticism of Israel. Key US politics stories from Sunday 26 October at a glance

The Guardian - US

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US and China agree ‘framework’ for trade deal ahead of Xi-Trump meeting

US treasury secretary anticipates tariff truce with China will be extended, and that China will revive substantial purchases of US soybeans

The Guardian - UK

Bessent calls anti-tariff Reagan ad 'psy-ops' and says the U.S. rescue of Argentina still counts as 'America first' because it helps an ally

"This is a kind of propaganda against U.S. citizens. It's psy-ops."

Fortune

Trump greets trick-or-treaters at White House Halloween event as Vance warns of air travel ‘disaster’ amid shutdown: Live updates

Trump and his senior administration officials have said they will not negotiate with Democrats on policy issues until the government is reopened

The Independent UK

US and China To Pause 100 Percent Tariffs and Rare Earth Export Controls

In a major breakthrough, top economic officials from the U.S. and China have drafted a trade deal, which is expected to be finalized by President Donald Trump and Chinese President Xi Jinping.

Benzinga

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US and China reach ‘final deal’ on TikTok sale, treasury secretary says

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownership

The Guardian - US

China will make ‘substantial’ purchases of U.S. soybeans and should avoid an extra 100% tariff, says Bessent—who reveals he’s also a farmer

“So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.”

Fortune

US–China reach trade framework that could avert 100% tariffs and pause rare-earth curbs — development comes as Trump and Xi prepare to meet this week

US and Chinese trade negotiators say they’ve reached a framework agreement that, if approved by both governments this week, would roll back proposed 100% tariffs on Chinese imports and pause Beijing’s escalating export restrictions on rare-earth materials.

Tom’s Hardware

Farm owner Bessent on soybean crisis: "I have felt this pain too"

The Treasury secretary, worth more than $500 million, says the trade war is hurting his own bottom line.

Axios

U.S. will not lose money on Argentina bailout, Bessent promises

Since the U.S. intervened, the peso has fallen to record lows, despite the unprecedented support.

Axios

Bessent says "framework" deal with China will avoid 100% tariff increase

The news will likely come as a huge relief to both businesses and financial markets.

Axios

Treasury Secretary Scott Bessent Slams Trump Tariffs Critics As S&P 500 Rallies 20% Since April Announcement: 'They've Just Been Wrong'

U.S. Treasury Secretary Scott Bessent defending President Donald Trump's tariff policies, citing the significant surge in stock market since the April announcement of "Liberation Day" tariffs.

Benzinga

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Euronews

Trump presides over 'historic' peace deal between Thailand and Cambodia

Following border skirmishes last year, Thailand will release Cambodian prisoners and Cambodia will begin withdrawing heavy artillery.

Benzinga

US-China Trade Talks Signal Possible Trump-Xi Face-To-Face As Rare Earths Export Controls, 100% Tariff Threats Loom

U.S.-China trade discussions in Kuala Lumpur are raising hopes of a direct meeting between President Donald Trump and President Xi Jinping as both sides seek to ease escalating economic tensions.

Fortune

China's rare earth limits may have 'gone too far this time' as trade talks start while U.S. gathers support amid global backlash

"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."

Benzinga

The $38 Trillion U.S. Debt Mountain – Every American Owes $110,649 Now

American debt hit a record high of $38 trillion earlier this week. Here's a look at how quickly the debt is growing and how much every American would owe today.

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Benzinga

America First? Trump Mantra Makes Exception For Argentina: Here's Why

“America First,” President Donald Trump proclaimed in two inaugural addresses: 2016 and, again, in 2025—unless you’re Argentina.

International Business Times

China, US 'Can Find Ways To Resolve Concerns' As Negotiators Set To Meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

International Business Times

Trump's Asia Tour Set To Spotlight Trade Challenges

US President Donald Trump's trip to Asia which begins Sunday carries significant economic stakes for countries around the region, with multiple tariff deals still pending and a trade dispute simmering between Washington and Beijing.

Benzinga

Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be 'Great Years' Thanks To Trump's Tax Reforms

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

The Independent UK

China and the United States, Fall 2025: A timeline of remarks, threats, critiques — and dialogue

Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping

Benzinga

Trump's Sanctions On Russia Spark Oil Rally: 10 Energy Stocks Take Off

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher.

Benzinga

US Debt Tops $38 Trillion Amid Shutdown, The Fastest Pace Since Pandemic

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

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