As trade tensions between China and the United States continue to simmer, Beijing is quietly deploying a wide array of strategies to minimize the sting of American tariffs. While formal negotiations …
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Bessent says IMF and World Bank need reform, says there’s an ‘opportunity for a big deal’ with China
Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the International Monetary Fund on Wednesday even as he tried to reassure nervous investors that the …
Bessent says China tariffs are not sustainable as US signals willingness to de-escalate
U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump’s administration signaled openness to …
Trump tariffs live updates: Bessent says there’s ‘no unilateral offer’ to slash tariffs on China
Treasury Secretary Scott Bessent denied a Wall Street Journal report that the White House is considering unilaterally slashing tariffs on Chinese imports, saying that both sides need to mutually take …
Treasury Secretary Bessent says there’s an opportunity for a ‘big deal’ with China
Treasury Secretary Scott Bessent said that there’s an opportunity to do a “big deal” with China to reduce tariffs if the Chinese government is willing to rebalance its economy.
Bessent assails IMF and World Bank and says there’s an ‘opportunity for a big deal’ with China
WASHINGTON (AP) — Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the International Monetary Fund on Wednesday even as he tried to reassure nervous …
Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool
U.S. Treasury Secretary Scott Bessent delivers remarks at the Institute of International Finance Global Outlook Forum on sidelines of the IMF and World Bank spring meeting (REUTER …
Trump floats ‘substantial’ China tariffs cuts in trade deal
U.S. President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be…
Trump’s ‘anxious’ tariff comments put China in control, analysts say
US President Donald Trump appeared to soften his stance on the US-China trade war on Tuesday, telling an Oval Office press conference that tariffs on Chinese goods “will not be as high as 145 per…
China says plan to boost cross-border financial services will boost yuan usage amid trade tensions
China’s plan to facilitate cross-border financial services will help promote greater international usage of the yuan, a senior central bank official said on Wednesday, at a time global trade tensions …
China’s plan to facilitate cross-border financial services more important amid external changes, PBOC official says
China’s recent plan to facilitate cross-border financial services has become more important at a time when both internal and external environments have seen huge changes, a senior central bank …
Trump tariffs live updates: Trump says China tariffs won’t stay at 145%, Bessent hints at deescalation
It won’t be zero. It used to be zero.” Trump’s comments came after Bessent told investors in a closed-door summit Tuesday that he sees …
Trump says tariff on China will ‘come down substantially’ from 145 percent
President Trump said Tuesday that the hefty tariff rate on China will significantly be reduced after he negotiates with Chinese President Xi Jinping, expressing optimism about a trade deal. “145 …