News

Bessent warns tariffs will return to ‘Liberation Day’ rates if negotiations aren’t in good faith
Treasury Department Secretary Scott Bessent on Sunday warned that tariffs on trading partners could go back to the rate ...
Secretary Bessent sends message on Walmart price increases due to tariffs
Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that ...
Bessent warns countries refusing to negotiate can expect increased tariffs
Treasury Secretary Scott Bessent said he thought the increased tariffs "would be the April 2-level — some countries were at 10%, some were substantially higher." ...
Bessent: Countries bringing ‘good proposals’ with ‘a few exceptions’
Treasury Secretary Scott Bessent stated that the Trump administration’s tariff overhaul has positioned the U.S. for better ...
Scott Bessent Hails China Progress on Fentanyl
U.S. Treasury Secretary Scott Bessent hailed the progress made with China on tackling fentanyl at trade talks in Switzerland, saying Beijing is "now serious" about the issue.
Scott Bessent admits Trump’s tariffs may mean Walmart shoppers pay more
Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest US retailer, may pass along some of the costs ...
Bessent Cornered Into Admitting Impact of Trump Tariff War
The Treasury secretary concedes that Walmart will shoulder higher costs because of new levies on foreign nations.
Bessent Warns Reciprocal Tariffs Will Return Without 'Good Faith' Talks
The treasury secretary said Sunday that countries that do not engage in "good faith" negotiations could face a return to the tariff levels announced on April 2.
Fortune India34m
Treasury Secretary Scott Bessent says Trump will reinstate full tariffs on nations not acting in ‘good faith’
In appearances on NBC’s Meet the Press and CNN’s State of the Union, Bessent said the administration is reviewing its 18 most ...
Trump and China close in on trade deal after productive talks, Bessent says
President Donald Trump's Treasury Secretary Scott Bessent provided an update on its productive trade negotiations with China.
Scott Bessent says tariff rates will return to ‘reciprocal’ levels if countries don’t reach trade deals with US
There are 18 “important” trading partners that the United States is most focused on solidifying deals with, Bessent said. He ...