Browsing Tag
Scott Bessent
28 posts
IMF and World Bank confront historic energy shock as global debt pressures intensify
The IMF and World Bank are meeting in Bangkok amid what officials describe as the largest energy supply shock in history. Higher oil and fertiliser costs, rising interest rates and record debt burdens are putting pressure on vulnerable economies. The central question is how governments can stabilise prices without worsening growth and fiscal pressures.
US and China unveil $60bn tariff relief package after Trump-Xi summit
The US and China unveiled $60 billion in tariff relief, but chips, EVs and soybeans remain contentious. See what the new trade deal really changes.
Scott Bessent and He Lifeng meet in New York days before Trump-Xi White House summit
Scott Bessent and He Lifeng are meeting in New York on September 20 to discuss trade and AI security four days before Donald Trump hosts Xi Jinping.
US launches economic offensive against Iran as Tehran’s rial crashes to record low
US expands Iran sanctions across five sectors as Tehran’s rial hits a record low and Washington threatens foreign trade partners with penalties.
Trump administration readies Iran financial offensive as Hormuz tensions escalate
US Treasury Secretary Scott Bessent is due to unveil another major sanctions package against Iran on August 24 as Tehran threatens broader disruption to Gulf oil exports.
America’s $40T debt milestone raises new fears over mortgages, interest rates and federal spending
US national debt crosses $40 trillion as soaring interest costs, Treasury yields and persistent deficits raise risks for taxpayers and borrowers.
US national debt crosses $40tn as interest costs and Treasury yields intensify fiscal pressure
United States federal debt has surpassed $40 trillion for the first time, doubling in less than a decade as rising interest costs, persistent deficits and surging long-term Treasury yields increase pressure on Washington’s finances.
Strait of Hormuz traffic collapses after two UAE oil tankers come under drone attack
UAE blames Iran for attacks on two oil tankers as Strait of Hormuz traffic collapses and Washington threatens tougher economic pressure.
Trump targets Spain trade over NATO spending as EU rules limit embargo threat
Donald Trump’s order to halt trade with Spain has widened a NATO dispute over defence spending, Iran policy and alliance loyalty, but European Union trade rules and United States legal hurdles make a full embargo difficult to execute.
US sanctions CJNG-linked fuel network as cartels expand beyond drug trafficking
Mexican cartels are turning tax-free United States fuel into a major revenue stream. New sanctions expose the companies and financial routes involved.