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U.S. Treasury Secretary Scott Bessent said on Sunday (August 30, 2026) he will encourage G20 members to re-examine terms of trade with China to shrink global imbalances and press Beijing to rebalance its economy away from exports and toward domestic consumption. Mr. Bessent said in an interview ahead of a G20 finance leaders meeting that…
Union Minister for Finance Nirmala Sitharaman during a meeting with 3M Chairman and CEO William Brown on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, in Asheville. | Photo Credit: X/@FinMinIndia via PTI Finance Minister Nirmala Sitharaman arrived in the U.S. city of Asheville in North Carolina for the G-20…
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U.S. Treasury Secretary Scott Bessent has warned Iran of an economic D-Day, as it prepared to roll out economic sanctions that target Iran’s trade partners. The remarks followed shortly after Iran’s President Masoud Pezeshkian defended a memorandum of understanding with the United States as the best way out of a stalled war. Iran in turn…
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Treasury Secretary Scott Bessent speaks during an event at Carnegie Mellon Auditorium on Wednesday. | Photo Credit: AP U.S. Treasury Secretary Scott Bessent said on Wednesday (January 28, 2026) he was disappointed by Europe’s decision to strike a major trade agreement with India, saying it showed Europe put trade ahead of the interests of the…
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U.S. Treasury Secretary Scott Bessent. File. | Photo Credit: Reuters The US imposed 25%tariffs on India for buying Russian oil, but the Europeans signed a trade deal with New Delhi, Treasury Secretary Scott Bessent said as he emphasised that Europe is financing the “war” against itself by purchasing refined Russian oil products from India. U.S….
United States Treasury Secretary Scott Bessent hinted that there may be a path for the removal of the additional 25% tariff levied on Indian goods due to the reduction of the country’s oil purchases from Russia. Calling Donald Trump’s tariff system a “huge success” to have Wahington’s way, Bessent told a Western media outlet, “Indian…
A file image of U.S. Treasury Secretary Scott Bessent | Photo Credit: Reuters The United States on Thursday (January 15, 2026) imposed sanctions on five Iranian officials it accused of being behind the crackdown on protests and warned it was tracking Iranian leaders’ funds being wired to banks around the world, as U.S. President Donald…
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U.S. Treasury Secretary Scott Bessent looks on as he speaks to the media, following the trade talks between the U.S. and China, in Kuala Lumpur, Malaysia October 26, 2025. | Photo Credit: Reuters U.S. President Donald Trump’s administration is prepared to raise tariffs on China if Beijing continues blocking rare earth exports, Treasury Secretary Scott…
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China had a long list of asks during talks this week in Madrid, U.S. Treasury Secretary Scott Bessent said. | Photo Credit: AP U.S. Treasury Secretary Scott Bessent said on Tuesday (September 16, 2025) he anticipated a final deal on the short-video app TikTok when President Donald Trump speaks with Chinese leader Xi Jinping on…
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U.S. Treasury Secretary Scott Bessent | Photo Credit: AP U.S. Treasury Secretary Scott Bessent on Monday (September 1, 2025) expressed confidence that the Supreme Court will uphold President Donald Trump’s use of a 1977 emergency powers law to impose sweeping tariffs on most trading partners, but said the administration has a backup plan if it…