Treasury Secretary Scott Bessent denied that chaos in the bond market over the deleveraging of so-called basis trades forced President Trump into putting his global trade tariffs on pause for 90 days.

The sweeping tariffs President Trump announced last week were a "negotiating strategy," Treasury Secretary Scott Bessent suggested Wednesday as the president announced a 90-day pause on most of those tariffs.

Treasury Secretary Scott Bessent on April 9 expanded on President Donald Trump’s announcement that the U.S. would pause and lower tariff rates for most countries while raising those on China 125 percent.

As the U.S.–China trade standoff spirals, U.S. Treasury Secretary Scott Bessent says all options are on the table — including pulling Chinese stocks from U.S. exchanges.

The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.

U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China's escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday. "I think it was a big mistake,

Treasury Secretary Scott Bessent, speaking at a banking convention in Washington, said he would begin taking a lead role in negotiations with other countries over tariffs.

China's move to impose 84% retaliatory tariffs against the United States is unfortunate and a losing proposition for Beijing, U.S. Treasury Secretary Scott Bessent said on Wednesday.

Treasury Secretary Scott Bessent is ratcheting up his criticism of China’s retaliatory moves against U.S. tariffs, describing Beijing’s latest tariff increase to 84% as “a loser for them.” “It’s unfortunate that the Chinese don’t want to actually negotiate,

The treasury secretary spoke with Fox Business moments after China announced an 84% retaliatory tariff against the U.S.

Treasury Sec. Scott Bessent is responding to China's increased 84% tariff on U.S. goods, saying it's "unfortunate that the Chinese actually don't want to come and negotiate." "They are the worst offenders in the international trading system,

Treasury Secretary Scott Bessent warned countries not to realign with China on trade amid sweeping new United States tariffs while also urging them to pursue talks on trade with the U.S. rather than retaliation.

Treasury Secretary Scott Bessent on April 9 expanded on President Donald Trump’s announcement that the U.S. would pause and lower tariff rates for most countries while raising those on China 125 percent.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

US stocks were volatile Wednesday after China announced significant retaliation and the European Union announced countermeasures against President Donald Trump’s enormous “reciprocal” tariffs that went into effect earlier in the day,

Asian stocks were mostly lower and US stock futures tumbled Wednesday after President Donald Trump’s enormous “reciprocal” tariffs went into effect, upending global trade.

The U.S. stock market is shaking through twitchy trading Wednesday after most other markets tumbled as President Donald Trump’s trade war keeps escalating. European Union member states have voted to approve retaliatory tariffs on $23 billion in goods in response to U.

Asian stocks plunged during Wednesday’s trading session after President Donald Trump’s latest batch of sanctions on China came into force, helping wipe off Tuesday’s limited gains and compounding a tu