RAI Image for Representation China’s move to tighten control over rare earth mineral exports has backfired, prompting the United States and its allies to ramp up efforts to secure alternative supplies of the critical materials, so says US Treasury Secretary Scott Bessent. Talking to Epoch Times, Bessent said that Beijing “made a real mistake” by…
American soybean farmers got some rare good news on Wednesday just hours before a high-stakes meeting between Chinese President Xi Jinping and US President Donald Trump when news broke that Beijing had placed its first order after months of trade tension that saw shipments blocked. The Trump administration hailed the move as a “positive step…
US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm. “We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would…
US Treasury Secretary Bessent announced on Wednesday (October 15) that 85 US senators are willing to grant President Donald Trump the authority to impose tariffs of up to 500% on China for purchases of Russian oil Bessent said, “85 US senators are willing to give President Trump the authority to put up to 500% tariffs…
Seeing India as a possible ally against China on the issue of rare earths, US treasury secretary Scott Bessent has slammed Beijing, accusing Xi Jinping’s regime of trying to harm with new export controls on minerals used to make magnets crucial to auto, electronic and defence industries. Scott Bessent, US treasury secretary, has been aggressive…
US Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng in Madrid to discuss trade, economic and national security issues in another sign that talks between the two sides are heating up. The discussions next week will also cover TikTok’s status and efforts to combat money laundering, according to a schedule released…
US Treasury Secretary Scott Bessent on Tuesday warned that Washington is willing to take firm action on Russia over its war on Ukraine. The Donald Trump aide’s comments come after talks with the EU sanctions envoy Monday. Over Monday and Tuesday, US officials and their European Union are holding meetings to step up the sanctions…
WASHINGTON: US Treasury Secretary Scott Bessent on Tuesday accused India of “profiteering” by purchasing Russian energy cheaply and reselling refined energy products in global markets while defending Washington’s decision not to punish China for similar trade with Russia. FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol (REUTERS) Bessent said…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
US Treasury Secretary Scott Bessent on Sunday threw some shade at Elon Musk after the tech billionaire announced he had created a political party, suggesting the Tesla and SpaceX boss focus on business and not politics. On Saturday, the South African-born Musk – an ally-turned-critic of US President Donald Trump – said he was founding…