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.
#ScottBessent #TradeDeals #USIndiaTrade #ChinaTariffs #SupplyChain #FairTrade #USJapanRelations #SouthKoreaTrade#USChinaRelations #GlobalEconomy #TradeNegotiations #IndiaTariffs #BidenTradePolicy #RetailSupply #AsiaUSDeals#Geopolitics #InternationalTrade #ElectionsAndTrade #TariffTalks #USAsiaPartnership
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U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak soon amid escalating tensions over critical mineral trade. Treasury Secretary Scott Bessent confirmed that China may have violated a key agreement, accusing Beijing of withholding essential industrial materials. With global supply chains in jeopardy, aides expect the upcoming call to iron out issues. While no date is confirmed, White House officials are optimistic a conversation is imminent and may clarify the Geneva deal on tariff rollbacks signed last month.
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President Donald Trump has announced a major development in U.S.-China trade talks, revealing that China has agreed to “open up” to U.S. businesses and suspend trade barriers. This comes after a high-stakes negotiation involving top U.S. and Chinese officials, resulting in a 90-day pause on most tariffs. Trump highlighted this as a key breakthrough in the discussions led by Treasury Secretary Scott Bessent and Trade Rep. Jamieson Greer. The agreement is expected to ease tensions and create a temporary window for further economic cooperation between the two global powers.
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Congresswoman Joyce Beatty erupted in a heated exchange with Treasury Secretary Scott Bessent over delays in the Harriet Tubman $20 bill, his alleged crypto ties to DOGE, and the impact of Trump-era tariffs. With high-level U.S.-China trade talks resuming in Switzerland, Beatty’s outburst spotlights growing frustration within Congress. As Bessent touts upcoming trade deals, Beatty accuses the administration of ignoring economic realities and symbolic justice. Watch the dramatic hearing and the fiery debate that could reshape the tariff narrative.
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READ MORE : http://www.euronews.com/2025/06/11/south-korea-halts-anti-north-loudspeaker-broadcasts-along-border-to-restore-trust
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Credit: euronews (in English) Duration: 01:10Published
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Trump declared that his tariffs are having a devastating impact on China’s economy, claiming that factories are shutting down and cargo ships are "turning back." Speaking with visible satisfaction,..
U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump's massive 245% tariffs, is "unsustainable."..
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..