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Tag: BESSENT

economics

Trump Floats 80% Tariff on China Ahead of Crucial Geneva Trade Talks

May 10, 2025May 10, 2025 - by Allegra Nguyen - Leave a Comment

President Trump suggested lowering tariffs on Chinese imports to 80% as trade talks loom in Geneva. This marks a potential shift in the ongoing trade war, with key meetings involving …

Trump Floats 80% Tariff on China Ahead of Crucial Geneva Trade Talks Read More
Business / economics

U.S. Readiness to Support Argentina with Credit Line amid Economic Reforms

April 24, 2025April 24, 2025 - by Carmen Mendez - Leave a Comment

U.S. Treasury Secretary Scott Bessent indicated a willingness to offer Argentina a credit line via the Exchange Stabilization Fund, contingent on economic policy adherence by President Milei. Following his comments, …

U.S. Readiness to Support Argentina with Credit Line amid Economic Reforms Read More
Business / economics

U.S. Signals Economic Support for Argentina Amid Recovery Efforts

April 23, 2025April 23, 2025 - by Liam Nguyen - Leave a Comment

The United States is prepared to extend a credit line to Argentina to support its economic recovery amid global challenges. Treasury Secretary Scott Bessent announced the possible use of the …

U.S. Signals Economic Support for Argentina Amid Recovery Efforts Read More
Business / Companies / economics

Argentina’s Peso Declines Sharply Following Eased Currency Controls

April 15, 2025April 15, 2025 - by Marcus Chen - Leave a Comment

Argentina’s peso fell over 11% against the US dollar after President Milei’s government eased currency controls for a $20 billion IMF bailout. The decision poses political risks with elections approaching …

Argentina’s Peso Declines Sharply Following Eased Currency Controls Read More
Business / economics

U.S. Futures Decline as Asian Shares Rise on Positive China Consumption Data

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

U.S. equity futures have decreased following Treasury Secretary Bessent’s comments framing the market slump as a correction. In contrast, Asian shares surged due to positive consumer data from China. Oil …

U.S. Futures Decline as Asian Shares Rise on Positive China Consumption Data Read More
Global news

U.S. to Intensify Sanctions on Russia and Iran, Treasury Secretary States

March 6, 2025March 6, 2025 - by Allegra Nguyen - Leave a Comment

U.S. Treasury Secretary Scott Bessent announced plans to intensify sanctions on Russia, particularly targeting its energy sector during the Ukraine war, and on Iran, aiming to weaken its oil sector. …

U.S. to Intensify Sanctions on Russia and Iran, Treasury Secretary States Read More
economics

U.S. to Impose Tariffs on Canada and Mexico Amidst Fluid Situation

March 3, 2025March 3, 2025 - by Sofia Nawab - Leave a Comment

Commerce Secretary Howard Lutnick announced on Sunday that tariffs on Canada and Mexico are expected to begin on Tuesday, with specific details to be determined by President Trump. Economists warn …

U.S. to Impose Tariffs on Canada and Mexico Amidst Fluid Situation Read More
economics

U.S. Tariffs on Canada and Mexico: Treasury Secretary Proposes New Measures

March 2, 2025March 2, 2025 - by Marcus Chen - Leave a Comment

The U.S. is set to impose tariffs on Canada and Mexico, as confirmed by Commerce Secretary Howard Lutnick. Treasury Secretary Scott Bessent announced plans to appoint an “affordability czar” to …

U.S. Tariffs on Canada and Mexico: Treasury Secretary Proposes New Measures Read More
economics

U.S. to Implement Tariffs on Canada and Mexico Amid Inflation Concerns

March 2, 2025March 2, 2025 - by Carmen Mendez - Leave a Comment

Commerce Secretary Howard Lutnick announced upcoming tariffs on Canada and Mexico, with President Trump set to finalize details. Economists warn these tariffs may elevate consumer prices despite aims to reduce …

U.S. to Implement Tariffs on Canada and Mexico Amid Inflation Concerns Read More
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