Bessent, Scott

The Fallout from Trump’s Reign of Tariffs

Global markets were in a tailspin on Thursday as policymakers and trade partners expressed dismay over president’s latest trade-war salvo.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Bessent, Scott Customs (Tariff) European Union internal-storyline-no Protectionism (Trade) Tax Cuts and Jobs Act (2017) Trump, Donald J von der Leyen, Ursula

High Stakes and Lack of Details Add to Jitters About Trump Tariffs

Business leaders and investors remain on edge ahead of President Trump’s expected announcement of a sweeping new round of tariffs.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Bessent, Scott Customs (Tariff) Embargoes and Sanctions International Relations International Trade and World Market Trump, Donald J United States United States International Relations United States Politics and Government Venezuela

Trump Threatens Tariffs Against Countries That Buy Venezuelan Oil

The president threatened to wield tariffs like financial sanctions, saying that countries that buy Venezuelan oil would see tariffs put on their exports to the United States.

By Ana Swanson Rebecca F. Elliott and Alan Rappeport

Bessent, Scott Bipartisan Policy Center Federal Budget (US) National Debt (US) Republican Party Taxation Treasury Department Trump, Donald J United States Politics and Government

U.S. Could Run Out of Cash by July, Analysis Finds

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.

By Alan Rappeport