The Latest Breaking News from Scott Bessent

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK · May 11, 2025

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

Fortune · May 11, 2025

Trump Hails 'Total Reset' In US-China Trade Relations As Talks Continue

US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day of talks Sunday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.

International Business Times · May 11, 2025

U.S.-China trade talks will shed light on the end goal for tariffs

The world’s two largest economies will hold official trade talks this weekend.

Fortune · May 9, 2025

IRS could use AI to replace workers after mass layoffs

Considerable IRS workforce cuts could be replaced with bots.

TechRadar · May 9, 2025

Trump Suggests Lower China Tariff, Says 80% 'Seems Right!'

US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks over the weekend.

International Business Times · May 9, 2025

Swiss Seize Window Of Opportunity On Trump Tariffs

Switzerland will once again Friday try to talk its way out of punitive tariffs on its exports to the United States, which would have serious ramifications for Swiss jobs and businesses.

International Business Times · May 9, 2025

Why is Trump so fixated on toys for little girls?

Asked about his tariffs’ impact, the president has repeatedly pointed to dolls – because they’re seen as feminine, childlike and frivolous

The Guardian - US · May 9, 2025

After minerals deal, Trump approves arms to Ukraine, plays down peace plan

Trump has approved a $310m sale of F-16 parts and support, and told Russia and Ukraine to sort out their own ceasefire.

Al Jazeera · May 9, 2025

S&P Futures Gain With All Eyes on U.S.-China Trade Talks, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending up +0.32% this morning as investors pin their hopes on trade negotiations between Washington and Beijing.

Barchart · May 9, 2025