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The Latest Breaking News from Scott Bessent

Market Panic Mounts As World Scrambles To Temper Trump Tariffs

"Sometimes you have to take medicine to fix something," Trump said of the market pain that has seen trillions of dollars wiped off the value of US companies since the beginning of his tariff rampage.

International Business Times

Market Panic Deepens As World Scrambles To Temper Trump Tariffs

Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president.

International Business Times

Dow futures sink 1,300 points after Trump defends tariffs as 'medicine' to fix trade deficit

"I don’t want anything to go down, but sometimes you have to take medicine to fix something," Trump told reporters.

Fortune

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Over 50 countries seek US trade talks after tariffs: Trump officials

The tariffs have been widely criticised around the world for threatening to push the global economy into a recession.

Al Jazeera

Tariff backlash comes for Trump admin

On the Sunday shows, hosts took Trump advisers to task over the president's tariff plans

Salon

Senior Trump officials give conflicting lines on tariffs after markets turmoil

Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possible

The Guardian - US

World Scrambles To Temper Trump Tariffs As Market Fears Mount

More than 50 countries have sought talks with President Donald Trump in a scramble to ease punishing tariffs on exports to the United States, the White House said Sunday, as trade partners braced for further fallout.

International Business Times

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Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says 'everything is working very smoothly'

Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."

Fortune

Trump officials struggle to explain tariff strategy but claim Americans won’t feel ‘big effect’

Agriculture secretary dodges questions about Heard and McDonald Islands but tells Americans not to fear tariff effects

The Independent UK

What is Trump really trying to achieve with his tariff plan, and will it work?

What is President Trump really trying to do with his tariff plan: Is it to protect American jobs, is it about leveling the playing field, or is it about taking the head out of the economy?

Fortune

Why did Russia escape Trump’s tariffs?

The U.S. already imposes heavy sanctions on Russia but still did approximately $3.5 billion in trade last year

The Independent UK

‘Don’t retaliate!’ Trump’s treasury secretary begs other countries not to hit back at tariffs

Scott Bessent insisted that the initial market reaction to the tariffs would be a temporary rut on the way to ‘long-term growth’

The Independent UK

Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble—‘that’s a Mag 7 problem, not a MAGA problem’

Bessent appears to be more interested in bringing down borrowing costs to stave off a potential sovereign debt doom loop than in the $1.5 trillion drop in equities.

Fortune

UK takes first step towards possible retaliation against US tariffs

Jonathan Reynolds tells MPs he is keeping ‘all options on the table’ after Trump’s announcement of import taxes on British goods

The Guardian - UK

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The Guardian - AU

Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts say

Roll Call

Senate Republicans get ready to roll on revised budget - Roll Call

The compromise budget blueprint is designed to pave the way for a major package of tax cuts, border security and defense funding and more.

The Independent UK

The one official Trump world is ready to blame if tariffs are a disaster

Lutnick has reportedly pushed for ‘more aggressive’ tariffs during talks

Reason

Cheap Stuff Is a Huge Part of the American Dream

Plus: Polyamorous cannabis regulators (and a corruption scandal), deportation misses, and more...

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The Independent UK

The ‘Dirty 15’ countries braced for harder hit from Trump’s tariffs as world prepares for ‘Liberation Day’

Trump is set to unleash his largest batch of trade tariffs on so-called ‘Liberation Day’ this Wednesday

Fortune

Trump’s tariffs are flawed and contradictory—and the ‘Mar-a-Lago accord’ is suited for the trash bin

U.S. companies behind a tariff wall would become less competitive, not more.

International Business Times

Trump Signs Executive Order To Combat Ticket Gouging, As Kid Rock And Industry Leaders Back Reform

The executive order directs key officials, including Treasury Secretary Scott Bessent and U.S. Attorney General Pam Bondi, to ensure full compliance with the tax laws and other regulations regarding ticket scalping.

Al Jazeera

Trump says he’ll be ‘kind’ on tariffs amid rollercoaster for global stocks

US president says tariffs announcement on April 2 will be a ‘rebirth’ as trade uncertainty roils stock markets.

The Independent UK

US sanctions Sinaloa Cartel associates for alleged money laundering

The U.S. Treasury Department has sanctioned six people and seven companies it said were involved in money laundering for factions of the Sinaloa Cartel

The Guardian - US

Judge orders participants in Signal chat group blunder to preserve all messages

Restraining order was issued to ensure that records of Yemen attack group conversation are retained

The Independent UK

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday

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