President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries…
Tag: Bessent
Trump’s Unwelcome News to Auto Chiefs: Buckle Up for What’s to Come
The line fell silent. In a phone call from the Oval Office, President Trump had just delivered unwelcome news to three of America’s most powerful auto executives: Mary Barra of General Motors, John Elkann of Stellantis and Jim Farley of…
Far-Right Israeli Minister Visits Washington After Years of Being Shunned
Under the Biden administration, Israel’s far-right finance minister was the rare Israeli official whom the United States rebuked by name for his views, like his opposition to a cease-fire in Gaza. Under the Trump administration, he is a welcome guest…
Fair or Not, Zelensky Is Angering Trump. Is His Style Hurting Ukraine?
When the secretary of the treasury, Scott Bessent, traveled to Kyiv this month, he wanted President Volodymyr Zelensky to sign an agreement ceding mineral rights to the United States, delivering a quick win for the Trump administration. But Mr. Zelensky…
Bessent to Skip G20 Finance Ministers Meeting in South Africa
Treasury Secretary Scott Bessent will skip a meeting of finance ministers and central bankers from the Group of 20 nations in Cape Town next week, according to people familiar with his plans, deepening the rift between the United States and…