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The Latest Breaking News from Scott Bessent

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

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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

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

The Guardian - AU

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.

Roll Call

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

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

The Independent UK

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Cheap Stuff Is a Huge Part of the American Dream

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

Reason

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

The Independent UK

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.

Fortune

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.

International Business Times

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.

Al Jazeera

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 Independent UK

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 Guardian - US

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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

Euronews

EU rebuffs Russia's demand for sanctions relief and asks for 'unconditional withdrawal' of troops

The "unconditional withdrawal" of Russian forces from the territory of Ukraine is a key precondition to amend or lift sanctions, the European Commission has said in reply to the Kremlin's demand.

Fortune

Bank of America says ‘Trump put’ is alive and well

Treasury Secretary Scott Bessent has rejected suggestions the president will reorient his policies to support equity prices.

Latin Times

Trump To Impose Sharp Tariffs On Countries Buying Venezuelan Oil

The latest across-the-board 25 percent levies targeting direct and indirect buyers of Venezuelan oil can take effect as soon as April 2, according to an order signed Monday by Trump.

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Al Jazeera

Yemen war plans: What did Trump aides leak to The Atlantic in Signal chat?

The Atlantic’s editor said Pete Hegseth sent operational details of a US attack on the Houthis in a Signal chat.

International Business Times

Trump To Impose Sharp Tariff On Countries Buying Venezuelan Oil

US President Donald Trump announced Monday steep tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.

Fortune

Wall Street braces for Trump’s April 2 tariff deadline—it foresees 18% EU import duties and a 43% chance of a U.S. recession

Analysts expect tariffs on the EU, a key trading partner for the U.S., to settle at around 18% as recession expectations hit more than 40%.

The Independent UK

Fox host complains that plunging stock market and recession fears are a ‘media creation’

‘The media has gone to war with President Trump to make tariffs the scariest thing in the world,’ Charles Payne fumed on Tuesday

International Business Times

Bessent Says Nations May Avoid US Reciprocal Tariffs By Halting Unfair Barriers

US Treasury Secretary Scott Bessent on Tuesday said Washington could hold off reciprocal tariffs for countries that halt practices it deems unfair, adding that officials will produce a list of levies on April 2.

Fortune

Scott Bessent says he's not worried about the stock market's 'healthy correction,' insisting the Trump administration is only trying to avoid an even bigger financial crisis

The stock market saw its first correction since 2023 last week.

The Independent UK

The economy was always Trump’s strength. Polls show it might be cracking

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

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