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The Latest Breaking News from Scott Bessent

America Gained Nothing From Trump's Latest Tariff Stunt

There were no deals. There were no wins. There was no plan.

Reason

Inside Trump’s Oval Office as he called senators during Fox News breaks and world leaders begged to end his tariff plan

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

The Independent UK

Trump Plans to Terminate IRS Direct File program

Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.

Kiplinger

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The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

The Independent UK

Trade War With China

Plus: Theories to explain Trump's behavior, the radium girls, university investigations, and more...

Reason

Why did Trump blink on tariffs with 90-day pause? Inside story of how bond market 'fire sale' spooked POTUS

The US President put a 90-day pause on his exorbitant tariffs because investors were ‘getting yippie’ over US Treasury sell-offs

Evening Standard

Thursday briefing: Trump puts global tariffs on pause – but hikes them for China

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn

The Guardian - UK

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What Trump’s 90-Day Tariff Pause *Actually* Means For Young Aussies

Donald Trump has hit pause on his global tariff spree — for 90 days, at least. But don’t mistake this for a full-on retreat. Think of it more like an intermission in a chaotic play where everyone’s still yelling at each other backstage. Let’s break down why Trump made this…

Pedestrian.tv

US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – as it happened

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

The Guardian - UK

Art Of The Deal? How Trump Backed Down On Tariffs

It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post.

International Business Times

Billionaire Trump backer Bill Ackman mercilessly teased after hailing president’s ‘Art of the Deal’ tariffs climbdown

‘Pigeons have better pattern recognition than you do, Bill’

The Independent UK

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

‘I want to tell you right now that Donald Trump outsmarted the world,’ Charles Gasparino said. ‘But that's not really what happened here’

The Independent UK

Stock Market Today: Tariff Pause Triggers 3,000-Point Dow Rally

The bond market is sending concerning signals as the Trump administration executes its rapid reordering of global trade relationships.

Kiplinger

'Permanent damage has been done,' portfolio manager warns, as markets rejoice following Trump's tariff freeze

Stock markets rebounded following the announcement that tariffs would ratchet down to a 10% universal levy, except for China.

Fortune

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Fortune

Bessent denies bond selloff made Trump back down on tariffs

Hedge funds typically profit handsomely from the $1 trillion “basis trade,” but the Federal Reserve could be forced to step in as yields surge.

Fortune

Trump puts some tariffs on ice after days of global mayhem—except for China, ‘based on the lack of respect’

The three-month pause comes after trillions evaporated from the stock market over the course of a market-melting start to the week.

The National (Scotland)

Donald Trump announces 90-day tariff pause for most nations

US PRESIDENT Donald Trump has abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125…

Fortune

Jamie Dimon eyes a ‘likely’ recession, unless the Trump administration turns tariffs into trade deals: ‘That’s the best thing they can do’

Dimon, CEO of JPMorgan Chase, is one of the most respected figures in corporate America.

Get all your
news in one place.

100's of premium titles.
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International Business Times

Trump Tells US To 'Be Cool' As China, EU Strike Back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

The Independent UK

IRS chief resigns after Trump administration strikes deal to share undocumented taxpayer data

‘Backroom deal’ could hand taxpayer data to ICE agents as part of Trump’s deportation blitz

International Business Times

US Treasury Chief Defends Tariffs, Warns Against Aligning With China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

Salon

Trump's tariff message gets muddled

While the billionaires in Trump's orbit may have different visions, they all want the same thing

Tom’s Guide

How about Trump tariff live updates — first major price increases hit big tech

President Donald Trump's tariffs been paused for some countries, and we're bringing you live updates on the impact across the tech world.

The Independent UK

Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. That's according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem

Fortune

Treasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since 'Liberation Day' to talk trade

“Trying to negotiate individual trade agreements with 70 (or more) countries is difficult and will take time,” a research fellow for a libertarian think tank said.

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