Tag: Scott Bessent

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

January 29, 2026 admin

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…

World

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

January 26, 2026 admin

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….

World

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

January 24, 2026 admin

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…

Business

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

January 15, 2026 admin

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…

World

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

November 2, 2025 admin

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…

World

U.S. treasury secretary anticipates final TikTok deal after Trump, Xi talk

September 16, 2025 admin

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…

World

U.S. Treasury Secretary Bessent expects Supreme Court to uphold legality of Trump’s tariffs but eyes Plan B

September 2, 2025 admin

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…

World

India ‘bit recalcitrant’ on trade negotiations: U.S. Treasury Secretary Scott Bessent

August 13, 2025 admin

File picture of U.S. Treasury Secretary Scott Bessent. | Photo Credit: Reuters India has been a “bit recalcitrant” on trade negotiations with the US, Treasury Secretary Scott Bessent has said. “That’s aspirational,” Mr. Bessent said on Fox Business on Tuesday (August 12, 2025), responding to a question on wrapping up all the tariffs and trade…

World

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts

January 28, 2025 admin

Scott Bessent is decided to serve as President Donald Trump’s treasury secretary. File | Photo Credit: Reuters The U.S. Senate confirmed billionaire investor Scott Bessent on Monday (January 27, 2025) to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan…

World

12 Trump Picks Trusted To Deliver Republican’s 6 Big Poll Promises

January 12, 2025 admin

Washington DC: US President-elect Trump has set up the stage for a fiery “day one” in the Oval Office, with the promise of pardoning January 6 Capitol riot prisoners, sealing America’s southern border and rolling back protections for transgender students. To ensure the swift implementation of his radical changes, the incoming president has nominated individuals…

World