The Trump administration is preparing what US Treasury Secretary Scott Bessent described as an “economic D-Day” against Iran, as Washington moves towards what it says will be its strongest financial campaign yet against Tehran. Bessent accused Iran of using security guarantees as a form of “extortion” and said Tehran had relied on the expectation that…
Iran on Monday quoted legendary English playwright William Shakespeare to slam US treasury secretary Scott Bessent’s claim that Washington had seized roughly $1 billion in Tehran’s cryptocurrency holdings amid ongoing tensions in West Asia. The new US action comes amid ongoing indirect talks between Tehran and Washington, mediated by Pakistan. (AFP File) Iran’s foreign ministry…
US Treasury Secretary Scott Bessent said he “would not be surprised” if China is already looking into ways to challenge the US’ pre-eminence in digital assets, given Hong Kong’s efforts to develop the industry. When testifying before the Senate Banking Committee on Thursday, Bessent said that there are “lots of rumours of Chinese digital assets”…
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…