Category: Bessent, Scott

China’s Surging Exports Loom Over Trump’s Talks With Xi

The New York Times – Business:
China’s exports grew by a quarter in the month of August, weeks before its leader, Xi Jinping, is set to meet with President Trump in Washington.
Canada’s Retaliatory Tariffs Set to Take Effect as Trump Threatens to Escalate

The New York Times – On the Runway:
New Canadian levies of up to 50 percent are expected to begin Tuesday, even as Washington warns of a new round of American tariffs.
Bessent Blames Ukraine for High Energy Prices

The New York Times – Business:
After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock driven mainly by the US war with Iran.
G20 Finance Officials Gather in U.S. as Iran War Grips Global Economy

The New York Times – Business:
The meeting is expected to focus on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

The New York Times – Business:
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
High Debt and Rising Prices Catch Up to Trump, as Midterms Near

The New York Times – Business:
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
Warsh’s Big Test at Jackson Hole

The New York Times – Business:
Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.
Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.

The New York Times – On the Runway:
We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
In Trump’s Washington, Ballooning National Debt Stirs Little Action

The New York Times – On the Runway:
The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.
Bessent Faces Credibility Test in Quest to Tame Markets

The New York Times – Business:
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
China Pushes Back After Trump Tightens the Screws on Iran

The New York Times – Business:
The Trump administration risks a clash with Beijing as it tries to cut off Iran’s economic lifelines without upending a fragile U.S.-China truce.
The Heat on Treasury Secretary Scott Bessent Grows

The New York Times – Business:
Treasury Secretary Scott Bessent’s plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.