US Treasury Secretary Scott Bessent has rejected claims that President Donald Trump’s sweeping tariffs amount to a hidden tax on American consumers. In a televised interview, Bessent argued that despite warnings from major corporations, the broader economy continues to...
In a closed-door speech for JPMorgan Chase, U.S. Treasury Secretary Scott Bessent warned that the escalating trade war with China is "unsustainable" and expects a “de-escalation” between the two global economic giants. Although formal negotiations have yet to begin,...