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The Latest Breaking News from Scott Bessent

Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs

Asian shares are mostly higher after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data

The Independent UK

Markets Rise As Traders Gear Up For Earnings, Key Jobs Data

Markets edged up Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide clues about the effects of Donald Trump's trade policies.

International Business Times

Treasury Sec. Isn't Worried About Empty Shelves as 'Empty Cargo Ships' Push Americans to Panic Buy

Treasury Secretary Scott Bessent dismissed concerns of supply chain disruptions amid the trade war with China, saying he is not worried "at present."

Latin Times

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U.S. stocks rebound late in the day to finish positive after earlier drawdowns

Investors are still looking to potential trade deals to offer some certainty moving forward.

Fortune

Trump's trade war means empty shelves are looming: How long until consumers feel the pain

"It is quite evident that the impact of the trade war has caused many shippers to pause, or outright cancel, shipments," says one container-shipping expert.

Fortune

Treasury Secretary Suggests Trade Agreement With China Still Far Away: 'Maybe They'll Call Me One Day'

Treasury Secretary Scott Bessent said China is stand to lose more than the U.S. if the trade war continues its course, calling the situation "unsustainable" for Beijing

Latin Times

Scott Bessent says it’s China’s responsibility to ‘de-escalate’ trade war

The U.S. has an escalation plan in its “back pocket” that it doesn’t want to have to use, Bessent said.

Fortune

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China Says On 'Right Side Of History' In Trade Standoff With US

Since returning to the White House in January, US President Donald Trump has imposed 10 percent tariffs on most US trading partners and a separate 145 percent levy on many products from China.

International Business Times

Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Evening Standard

US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Trump claims trade negotiations are happening every day with China. No one in Beijing or Washington seems to know who is doing the talking

President says U.S. and China are talking, China denies it, and no one in the administration seems to know about it

The Independent UK

US treasury secretary says ‘there is a path’ with China over tariff negotiations

‘The Chinese will see this high tariff level is unsustainable for their business,’ says Scott Bessent

The Guardian - US

Despite Pope Francis’s wishes, there’s little appetite for richer nations to help the poorest

Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agenda

The Guardian - UK

‘I want our young people to be able to work in Europe’, says Rachel Reeves

Chancellor’s remarks, made ahead of the EU-UK summit next month, signal a softening of the government’s position on a youth mobility scheme

The Independent UK

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International Business Times

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

Trump Tariff Promises Get A Reality Check

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.

Evening Standard

Reeves meets with her American counterpart amid US-UK trade deal talks

Rachel Reeves met Scott Bessent on Friday, after saying Britain’s relationship with the EU is ‘arguably even more important’ than with the US.

The Guardian - UK

Reeves holds ‘positive and upbeat’ trade talks with Bessent

Chancellor discusses ‘prosperity deal’ with Treasury secretary Scott Bessent but US calls for reduced tariffs on car imports to UK

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The Guardian - US

Jimmy Kimmel on Hegseth bringing his wife to meetings: ‘Maybe she’s his designated driver’

Late-night hosts discuss the defense secretary’s many scandals and Musk’s alleged screaming match outside the Oval Office

The Guardian - UK

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

Euronews

UK chancellor says EU trade relations 'arguably' more important than US

A day after the meeting between the President of the European Commission, Ursula von der Leyen, and UK Prime Minister Keir Starmer, the UK finance minister said that trade relations with the EU may take precedence over those with the US.

Evening Standard

Reeves suggests EU relationship is higher priority ahead of trade talks with US

The EU is the UK’s largest trading partner, with the US the second largest.

The Guardian - UK

UK politics: Reform UK on course to win in two mayoral contests – as it happened

Polling predicts victory for party in Greater Lincolnshire and Hull/East Yorkshire with the Greens possibly taking West of England

The Independent UK

Starmer slaps down Reeves for claiming UK-EU trade more important than US deal ahead of Washington talks

Chancellor made comments ahead of her crucial meeting with US counterpart Scott Bessent on Friday

Evening Standard

Reeves to hold trade talks with US counterpart in Washington

Rachel Reeves will conclude her trip to the IMF’s spring meetings with talks on a potential US-UK trade deal.

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