Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’

[ad_1] Treasury Secretary Scott Bessent on Wednesday called for major overhauls to the missions of the International Monetary Fund and the World Bank but said that the United States remained committed to maintaining its leadership role at the global economic institutions. The comments, made at a speech on the sidelines of the spring meetings of […]

Ukraine and U.S. Sign Agreement in Lead-Up to Full Minerals Deal

[ad_1] Ukraine and the United States signed a memorandum of understanding late on Thursday on a minerals agreement, according to Ukraine’s economy minister, bringing both sides closer to a deal that has gone through multiple, contentious rounds of negotiations. The signing fell short of a full agreement on the final terms of a minerals deal, […]

Trump says he’s joining Bessent and Lutnick for trade negotiations with Japanese at the White House

[ad_1] US President Donald Trump (Source: AP) WASHINGTON: President Donald Trump said he’s joining some of his top economic advisers on Wednesday for negotiations at the White House over tariffs and trade with a top Japanese official who is traveling to Washington for the talks. The Republican president said in a post on his social […]

Why Trump Paused Tariffs: Behind 90-day pause on tariffs: ‘Bessent, Lutnick told Trump their phones were…’

[ad_1] Donald Trump was under tremendous pressure from friends, CEOs, reports claimed. While the White House described Donald Trump’s U-turn on tariffs as “the art of the deal”, insiders aware of what transpired behind the announcement of the 90-day pause said there was tremendous pressure from CEOs, friends, GOP senators, markers and bond prices. Axios […]

Trump Aides Defend His Tariffs Amid Global Blowback

[ad_1] President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession. As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., […]