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Scott Bessent Says Tariffs Will Result In $300B Windfall This Year As Trump Holds Firm On August Deadline
The U.S. expects a mighty windfall from President Donald Trump’s “reciprocal tariffs” even as their implementation is fraught with uncertainties. While speaking at a Cabinet Committee meeting, ...
Scott Bessent Claims More Trade Deals Are Coming Despite Limited Progress
U.S. Treasury Secretary Scott Bessent on Sunday warned that countries that don’t make trade deals with the U.S. will return ...
US could collect $300 billion in tariff revenue this year, Treasury chief says
Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, ...
Bessent: Foreign Manufacturers Are Taking Tariff Costs Into Their Margins
Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price ...
Trump team moves goalposts on tariffs again
Tariffs will revert back to their April 2 rates on Aug. 1 for countries that fail to nail down new trade deals with the ...
Treasury Secretary Scott Bessent Plans China Talks Amid Trump's Escalating Tariff Push
Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade ...
'He's taxing us': Trump makes new tariff threats
The president issued letters to several countries, including South Korea and Japan, warning that the tariff rate on their ...
Scott Bessent values ‘market-based indicators’ over Powell influence
Treasury Secretary Scott Bessent downplayed Federal Reserve Chairman Jerome Powell’s economic analysis and claimed Bessent ...