U.S To Review Biden-Era Sanctions As Treasury Warns Restrictions Threaten Dollar’s Global Status
Video Credit: Oneindia - Duration: 03:08s - Published
U.S To Review Biden-Era Sanctions As Treasury Warns Restrictions Threaten Dollar’s Global Status
U.S sanctions review is underway as Trump orders a crackdown on ineffective Biden-era restrictions.
Treasury Secretary Scott Bessent warns that weak sanctions threaten the dollar’s reserve status.
The US aims to intensify measures against Iran and Russia under ‘Operation Maximum Pressure.’ If Ukraine negotiations fail, tougher Russian sanctions remain on the table.
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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As Chancellor Rachel Reeves meets her counterpart, US treasury secretary Scott Bessent to discuss an "economic agreement" between the two countries, the latest.. Sky News
President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s prediction of a “de-escalation” in the trade war, calling current rates unsustainable. Trump imposed 145% tariffs on Chinese goods, prompting 125% retaliation from Beijing. As markets rebound and interest rate fears rise, insiders suggest change is coming—but Trump insists, “We’re doing fine with China.” Is a new phase of U.S.-China trade about to begin?
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Spain's Pedro Sánchez aims for closer trade ties with China amid US tariffs uncertainty
Washington has criticised Spain's outreach to China with Treasury Secretary Scott Bessent saying cosying up to Beijing is like 'cutting your own throat.'
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Credit: euronews (in English) Duration: 01:20Published
President Donald Trump has officially declared war on Amazon and its founder Jeff Bezos after the company reportedly planned to display the consumer cost impact of U.S. tariffs — a move the White House calls “hostile and political.” In a fiery press briefing, Press Secretary Karoline Leavitt blasted the retail giant, accusing it of weaponizing prices to undermine the administration’s economic strategy. Is this a corporate stunt or a political power play? Watch the full breakdown and reaction from the White House as tensions between Trump and Bezos reach a boiling point.
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President Donald Trump marked his controversial first 100 days in office with a fiery rally in Michigan, delivering what he called an "achievement speech" amid rising economic concerns over his tariff policies. In a surprising moment that stunned both supporters and critics, Trump embraced Democratic Governor Gretchen Whitmer — a longtime political rival — on stage. He also announced a major fighter jet deal to secure the
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US President Donald Trump has claimed Ukraine could be “crushed very shortly” unless it agrees to peace talks with Russia. In an interview with The Atlantic, Trump said he’s trying to save Ukraine by pushing for negotiations, suggesting Moscow is open to a deal. He criticized Kiev’s stance, especially on Crimea, and hinted Zelensky was tougher to negotiate with than Putin. Meanwhile, Vice President Vance echoed similar concerns, and Secretary of State Rubio warned of the US abandoning talks if delays persist. Trump is also seeking a minerals agreement with Ukraine.
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Ukraine and Russia launch drone attacks as Kyiv dismisses Putin's three-day truce
A 12-year-old girl was killed and three others injured in a Russian drone strike on Ukraine's Dnipropetrovsk region, local officials said.
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In a powerful statement at the UN, Russia's Deputy Permanent Representative, Maria Zabolotskaya, condemned Western countries for their "double standards" in addressing the global refugee crisis. Highlighting the devastating impact of the Gaza conflict, she criticized the reluctance of Western nations to provide sufficient humanitarian aid to refugees, particularly those fleeing from war-torn regions like Syria, Afghanistan, and Sudan. Zabolotskaya also pointed out the hypocrisy in Western countries voicing concern over Ukrainian refugees while ignoring the plight of those seeking asylum in Russia. She called out the EU's failure to provide adequate support to refugees, especially those crossing the Mediterranean, and the deadly consequences of this inaction. With lives at stake and no accountability, the international community must confront the moral and legal crisis unfolding before our eyes.
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European Union officials fear US President Donald Trump may abandon efforts to broker peace in Ukraine. Despite campaign promises to end the war quickly, Trump has seen no major breakthroughs in his second term’s first 100 days. EU insiders suggest Trump may be crafting an exit narrative, frustrated by slow talks and Russia’s unwillingness to meet demands. Secretary of State Marco Rubio has warned the US may withdraw from the peace process. Meanwhile, Russia claims it’s ready for talks without preconditions but criticizes Ukraine’s lack of initiative.
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