Tag Archives: scott-bessent

Thanks to President Donald Trump’s tariff wars, China has essentially stopped buying American soybeans, dealing a significant financial blow to American farmers. China used to purchase 54 percent of the U.S. soy crop, but since the Trump administration imposed punishing tariffs on the nation, China has all but ceased buying …

Today just after midnight, steep retaliatory tariffs President Donald Trump slapped on dozens of countries went into effect. “IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” the president wrote on Truth Social minutes before the levies snapped into effect. “Tariffs are flowing …

After Walmart executives said that customers should expect price hikes due to Donald Trump’s trade war, the president said the big box retailer should not raise prices and instead absorb the costs of his tariffs. “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the …

No, Qatar‘s royal family gifting a $400 million Boeing 747-8 jumbo jet known as a “flying palace” to the government that will reportedly then go to Donald Trump‘s presidential library is not the same as France giving the Statue of Liberty to the American people. But that is what Treasury …

Dock workers and truckers who are out of work or worried about their jobs because China‘s trade with the U.S. is coming to a grinding halt “should be very optimistic and positive, because the president truthed it out,” Commerce Secretary Howard Lutnick said today. Since the punishing 145 percent tariffs …

President Trump bragged that he had made “200 deals” on trade and tariffs in a recent interview, but when pressed for details, two members of his cabinet could not name a single country that has agreed to one of Trump’s alleged deals. Two weeks after he announced a 90-day pause …

Donald Trump blinked, and his massive new trade war has been drastically scaled back. Or, maybe not? Perhaps he’s just tweaking the details during a partial 90-day pause, and he preps other, different, and more magnificent tariffs. Regardless, the president of the United States will continue to hold the American …

Another key recession indicator is rearing its head as President Donald Trump’s administration enacts reciprocal tariffs on large swaths of goods imported into the United States. On Wednesday morning, the price of U.S. Treasury bonds took a nosedive, while yields spiked — a sign that bond holders are dumping their …

The U.S. stock market has lost $5 trillion in value over the last three weeks due to upcoming tariffs threatened by the Trump administration and rising inflation, leaving many Americans worried about their investments. But Trump’s treasury secretary, Scott Bessent, said he isn’t concerned. In fact, he claimed the stock …

If Republicans’ crusade to fire tens of thousands of federal employees, raise prices through an ill-advised trade war, gut Medicaid and other social services, and generally make things more difficult for working class Americans wasn’t enough, they would also like you to stop being such a baby about it. On …