Treasury Secretary Scott Bessent said the U.S. holds the upper hand in its budding trade war with China and called the Asian giant’s retaliation a “mistake” on Tuesday. “I think it was a ...

Treasury Secretary Scott Bessent said both the U.S. and China don’t want the trade war to escalate. However, he said, it’s China’s responsibility to ensure that doesn’t happen. As the U.S ...

Critics mocked Treasury secretary Scott Bessent's trade war promises when interrogated by Fox News's Bill Hemmer on Friday. The interview came after President Donald Trump threatened 50% tariffs ...

Scott Bessent had Donald Trump’s ear. The Treasury Secretary had begun to encourage the president to pause his campaign on global tariffs to cut trade deals and isolate rival China. On a flight ...

As President Donald Trump conducted an impromptu news conference in Doha, Qatar, this month, surrounded by business leaders ...

Treasury Secretary Scott Bessent on Monday signaled that a de-escalation of the trade war over President Trump’s harsh tariff rates would have to come from China — not the US. “I believe ...

Treasury Secretary Scott Bessent told a group of investors Tuesday that the punishing trade war between the U.S. and China cannot be sustained, and he expects it to ease in the near future.

The Trump administration’s trade war rhetoric towards the People’s Republic of China appears to be softening further with Treasury Secretary Scott Bessent telling a group of economists that ...

Scott Bessent told a group of investors that he ... eliminate taxes on tips and Social Security income. However, the trade war has roiled markets in recent weeks has dominated the discussion ...

has staggered into 2,000-point mini-rallies in response to indications from Trump and Treasury Secretary Scott Bessent that there won’t be a protracted trade war with China. In a putatively ...

Speaking at the Institute of International Finance on the sidelines of the annual meetings of the World Bank and International Monetary Fund, Bessent ... his unprovoked trade war with China ...