Tag: Scott Bessent

Judy Shelton, Trump’s Former Fed Pick, Joins Treasury as Scott Bessent’s Adviser

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Judy Shelton, Trump’s Former Fed Pick, Joins Treasury as Scott Bessent’s Adviser

President Donald Trump listens as Treasury Secretary Scott Bessent speaks in the Oval Office on October 7, 2026 | Photo Credit: AP U.S. Treasury ​Secretary Scott Bessent has hired Judy ‌Shelton, President Donald Trump’s ​former pick ⁠for the Federal Reserve Board, as an adviser with a ‌particular focus on China, the Treasury Department said ‌on…

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US Treasury secretary could take on AI czar role, source says

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US Treasury secretary could take on AI czar role, source says

US Treasury Secretary Scott Bessent [File] | Photo Credit: REUTERS Treasury Secretary Scott Bessent could become US President Donald ​Trump’s new AI czar, a source familiar ‌with the discussions said on Tuesday, ​as fears grow among lawmakers ⁠in Washington about the risks posed by AI technology. Trump has repeatedly downplayed concerns about AI ‌and argued…

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G20 countries should consider more trade barriers on China to cut imbalances, Bessent says

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G20 countries should consider more trade barriers on China to cut imbalances, Bessent says

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…

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Nirmala Sitharaman in U.S. Asheville city for G-20 finance ministerial meet

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Nirmala Sitharaman in U.S. Asheville city for G-20 finance ministerial meet

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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‘Economic D-Day’: U.S. threatens Iran with new sanctions, Tehran fires back

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‘Economic D-Day’: U.S. threatens Iran with new sanctions, Tehran fires back

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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Bessent says disappointed by EU-India deal; South Korea must ratify trade deal

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Bessent says disappointed by EU-India deal; South Korea must ratify trade deal

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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Europe financing ‘war’ against itself by buying Russian oil products from India: Bessent

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Europe financing ‘war’ against itself by buying Russian oil products from India: Bessent

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….

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Scott Bessent Signals Possible Easing Of 25% Tariff On India As Russian Oil Imports Drop

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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…

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U.S. imposes sanctions on Iran over crackdown on protesters

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U.S. imposes sanctions on Iran over crackdown on protesters

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. could hike tariffs if China backtracks on rare earths: Treasure Secretary Bessent

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U.S. could hike tariffs if China backtracks on rare earths: Treasure Secretary Bessent

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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