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Bessent: Status quo with China unsustainable, but no unilateral tariff cuts
The trade war with China is "unsustainable" in its current form, Treasury Secretary Scott Bessent said Wednesday, but the U.S ...
President Trump says tariffs on China will 'come down substantially'
President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism ...
Bessent: US and China tariffs need to come down before talks can start
Treasury Secretary Scott Bessent told reporters Wednesday that high duties imposed by the US and China need to come down ...
Stock market today: Dow, S&P 500, Nasdaq rally as Trump softens stance on Powell, China tariffs
US stocks jumped after President Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell, easing fears ...
Bessent believes China impasse over tariffs will de-escalate
Treasury Secretary Scott Bessent told an investor summit Tuesday that he expects the tariff war between the U.S. and China ...
Bessent Chides IMF, World Bank as He Says ‘America First Does Not Mean America Alone’
Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...
Bessent Says U.S. Wants to Help China Pivot Away From Exports
The U.S. wants to help China pivot away from an economic model focused on exports instead of consumption, Treasury Secretary Scott Bessent said Wednesday. "China’s current economic model is built on ...
US Treasury chief expects China tariff impasse to de-escalate, offer markets relief: Source
Wall Street’s major indexes jumped after a news report on the US Treasury chief’s comments. Read more at straitstimes.com.