Top economic officials avoided a condemnation of U.S. tariffs but committed to trying to reduce “economic policy uncertainty.”
Tag: Bessent, Scott
G7 Officials Gather Amid Headwinds From Trump’s Trade War
Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.
Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks
The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.
Trump Ties Himself to Future of Ukraine With Minerals Deal
The text of the agreement, made public by Ukraine’s government, made no mention of the security guarantees that Kyiv had long sought.
China Rejects Trump Claim of Tariff Talks With Xi
President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Ukraine and U.S. Sign Agreement in Lead-Up to Full Minerals Deal
The signed memorandum of understanding was thin on details, and the White House did not comment. But President Trump has said he expects to sign a minerals deal with Kyiv soon.
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
Trump’s Tariff Policies Jolt Auto Industry Executives
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
Far-Right Israeli Minister Visits Washington After Years of Being Shunned
Bezalel Smotrich, the Israeli finance minister, had drawn rebukes from the Biden administration for his opposition to a cease-fire in Gaza and his support for Jewish settlers in the West Bank.