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The Latest Breaking News from Scott Bessent

Trump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell: 'I Know Better Than Anybody What's Good For The Market'

President Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.

Benzinga

Japan’s minority gov’t faces election setback over inflation, immigration

Soaring prices and anti-foreigner sentiment have become central issues for much of Japan’s electorate.

Al Jazeera

G20 finance ministers reach consensus on key economic issues

US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.

Al Jazeera

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G20 Nations Agree Central Bank Independence 'Crucial'

The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

International Business Times

Scott Bessent Takes Premature Victory Lap on Tariff Revenues

Collections represented a surge in imports trying to beat higher rates—with a slump to follow.

Reason

The Crypto cabinet: One in five of Trump’s closet allies hold significant cryptocurrency assets

Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported personal stakes

The Independent UK

South Africa Warns Global Turmoil Threaten Development Goals

G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.

International Business Times

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Trump-Powell Feud Heats Up: Odds Of Fed Chair Ouster Spike

A political firestorm erupted on Wall Street Wednesday as speculations surged that President Donald Trump could fire Federal Reserve Chair Jerome Powell before his term ends, reigniting fears over central bank independence.

Benzinga

Trump won't rule out sacking Powell as Jamie Dimon works to shield the Fed chair

Trump has listened to Dimon in the past, notably a famous Fox Business interview with Maria Bartiromo.

Fortune

JP Morgan chief defends independence of Fed chair amid Trump attacks

Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun

The Guardian - UK

Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'

JPMorgan CEO Jamie Dimon responded hours later that he believes Fed independence is "absolutely critical."

Fortune

Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report

The Cato Institute and the New Civil Liberties Alliance (NCLA) have called on the Federal Circuit to strike down President Donald Trump‘s tariffs, arguing they rely on a statute that does not grant any authority to impose such tariffs.

Benzinga

Trump's 'I Like You Better' Sparks Talk Of Bessent As Next Fed Chief

A seemingly offhand remark from President Donald Trump has set off a wave of speculation in Washington and on Wall Street about the future leadership of the Federal Reserve.

Benzinga

Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

The Independent UK

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International Business Times

Copper Hits Record High As Trump Confirms 50% Tariff, Extends Deadline To August 1

Market analysts say the surge reflects concerns about supply disruptions and global reshuffling of industrial metals sourcing.

Euronews

Trump is addressing more nations with tariff letters - what's next?

The US President has been sending letters to various countries to address major trade agreements. But according to experts, they tell a confusing story about his policies.

Benzinga

Scott Bessent Never 'Made Time' For Japan's Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?

Economist Justin Wolfers pushed back against President Donald Trump’s 25% tariffs on Japan, despite the latter actively working towards a resolution on the matter.

Benzinga

Treasury Secretary Scott Bessent Plans China Talks Amid Trump's Escalating Tariff Push

U.S. Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade discussions between the world’s two largest economies, amid escalating tariff threats from President Donald Trump.

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Al Jazeera

Trump ramps up trade war with tariff blitz targeting 14 countries

Trump threatens to impose tariffs of 25-40 percent from August 1 unless countries make concessions on trade.

The Independent UK

Trump’s moving goalposts on tariffs show how hard it will be to win his trade war

ANALYSIS: It turns out getting 90 deals in 90 days is harder than making almost every Republican bend the knee, Eric Garcia writes

Evening Standard

London stocks close lower amid US tariffs uncertainty

The FTSE 100 index closed down 16.38 points, 0.2%, at 8,806.53.

The Guardian - US

Trump delays tariff hikes again but announces new rates for some countries

US president posted copies of letters addressed to leaders of both countries on social media, stoking further confusion

International Business Times UK

Trump Threatens Extra 10% Tariff on Countries Siding With BRICS, Calls Alliance 'Anti-American'

Donald Trump issued a warning, saying that countries backing the BRICS alliance would face an additional 10% tariff.

International Business Times

Trump Steps Up Pressure For Deals As US Tariff Deadline Nears

Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.

Latin Times

Musk Calls Treasury Secretary Bessent a 'Soros Stooge' After Saying He Was Not Popular Among Americans

Elon Musk slammed Treasury Secretary Scott Bessent after the official said he was not popular among Americans and suggested his business boards did not receive well the news of his new "America Party"

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