News

US could collect $300 billion in tariff revenue this year, Treasury chief says
Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections ...
Treasury chief predicts 10 more tariff deals by Labor Day — as EU reportedly nears new pact, too
If we can ink 10 or 12 of the important 18 [tentative tariff deals], I think we could have trade wrapped up by Labor Day,” ...
Trump Treasury chief says tariff deals could be done by Labor Day as trade talks pick up
Treasury Secretary Scott Bessent said trade talks could yield multiple deals by Sept. 1, citing a new U.S.-China agreement on ...
US Treasury’s Bessent to skip South Africa G20 meeting, heading to Japan
U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in South Africa next week, sources ...
Treasury minister declines to rule out wealth tax
Treasury minister declines to rule out wealth tax - Darren Jones repeatedly told the Commons that any tax decisions would be ...
Bessent on becoming Fed chair: ‘I will do what the president wants’
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump ...
US Treasury chief sees 100 countries getting 10% reciprocal tariff
WASHINGTON (Reuters) -About 100 countries are likely to see a reciprocal tariff rate of 10%, U.S. Treasury Secretary Scott ...
Here's how markets are reacting to reports of Trump's latest attempt to undermine Fed Chair Powell
Trump is reportedly weighing a slate of candidates to take over Jerome Powell's job and could announce a replacement long ...