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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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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The United States and Ukraine have signed a landmark deal to share profits from future mineral sales, ending months of tense negotiations. The agreement establishes a joint reconstruction fund and signals long-term U.S. commitment to Ukraine’s sovereignty and recovery. Treasury Secretary Scott Bessent says the deal reflects a broader peace strategy. As the U.S. counters China’s rare earth dominance, Ukraine's vast reserves of lithium, titanium, and graphite become critical. Kyiv calls the deal vital for securing future aid and investment, while Moscow faces new pressure from Washington.
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