A heated confrontation between Elon Musk and US Treasury Secretary Scott Bessent reportedly unfolded last week in the White House over IRS reform. The disagreement took place in the halls of the White House and reportedly became so intense that both men were face to face and shouting, with president Trump nearby. The core of […]
A growing split in US economic messaging is evident, as Treasury Secretary Scott Bessent’s call for international cooperation collided with president Trump’s renewed threats of trade tariffs and a hardline message from the White House press room.Speaking at the Institute of International Finance, Bessent reassured investors that the US remained committed to its global leadership […]
US president Donald Trump has suggested that the historically high tariffs he imposed on Chinese imports will not last. Speaking from the Oval Office on Tuesday, Trump told reporters the 145% tariff rate would eventually “come down substantially,” even as he maintained a confident tone about the US’s bargaining position.“145% is very high, and it […]
US Federal Reserve Chair Jerome Powell (AP photo) The White House is preparing to begin interviews for a new Federal Reserve Chair this autumn, as Jerome Powell, a Biden appointee’s term ends in May 2026. Treasury secretary Scott Bessent confirmed to Bloomberg the timeline during a visit to Argentina, saying it gives the Trump administration […]
India stands apart in Trump’s Asia policy. (AI image for representation only) US President Donald Trump’s economic team is rapidly advancing a new global strategy to box in China – not just with tariffs, but with alliances. At the center of this plan? India.Treasury secretary Scott Bessent, emerging as Trump’s surprise lead negotiator, has outlined […]
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 reported […]
Trump praises Chinese president, predicts ‘very good deal’ with China despite tariff standoff (Picture credit: AP) US President Donald Trump on Wednesday voiced optimism that a deal with China is still within reach, even as tensions between the two superpowers escalated following his decision to raise tariffs on Chinese goods to 125%. Speaking to reporters […]
The roller coaster of on-again, off-again tariffs have focused attention on the people behind President Trump’s trade strategy. Rob Copeland, a New York Times finance reporter, takes us inside Trump’s tariff team. Source link
