Fed chair Jay Powell has said the Fed expects tariffs to only temporarily lift inflation, though the one-time increase in price level could be spread over several quarters.

Speaking at the DealBook Summit, Mr. Bessent said American trading partners are opening their markets to the United States ...

High tariffs between the United States and China are not sustainable, US Treasury Secretary Scott Bessent has said, as President Donald Trump's administration signaled openness to de-escalate a trade ...

Saying that some Democrats had walked into his “bear trap,” the Treasury secretary urged them: “Join me and cut taxes, and ...

Trump is scheduled to meet with China's President Xi in South Korea this week. Treasury Secretary Scott Bessent said the US and China have reached a "framework" for trade talks. Bessent also said ...

Treasury Secretary Scott Bessent says he has divested from his North Dakota soybean farmland. This move comes as he leads ...

US President Donald Trump has accused China of violating its two-week-old tariff truce with the US, threatening to reignite the trade war between the world’s two biggest economies. China and the US ...

The Treasury chief says the administration has a backup plan to preserve its tariff strategy should the Court strike it down.

The next 11 months will be pivotal for Bessent ahead of the midterm elections, where affordability and the cost-of-living in ...

On Wednesday evening we saw an astonishing about-turn by US president Donald Trump. His decision to pause many of the tariffs he introduced with such fanfare last week for 90 days to allow for ...

Beijing is "evaluating" an offer from Washington to hold talks over US President Donald Trump's 145% tariffs, China's Commerce Ministry has said, although it warned the United States not to engage in ...

Trump initially proposed the payments in August to redistribute tariff dividends. Bessent said on Sunday that there would be income limits on the checks. It may be a while before President Donald ...