The Latest Breaking News from Scott Bessent

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

The S&P 500 climbed 2.5% after a broad market selloff on Monday.

Treasury Secretary Bessent said current U.S.-China trade relations are unsustainable and signaled hopes for negotiations.

The trade standoff between Washington and Beijing is not sustainable, US Treasury Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon.

U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies

The U.S.-China standoff over tariffs is unsustainable and likely to de-escalate, Treasury Secretary Scott Bessent said.

Bosses from automotive, manufacturing and energy warned MPs about effect of Trump tariffs

Markets are soaring after Bloomberg reported on Tuesday that Treasury Secretary Scott Bessent said the tariff standoff with China is unsustainable