Scott Bessent
American businessman
Entity sentiment
Events
01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
Express your sentiment!
Related
News
Opinions
Statements
business 2025-06-12 13:46
Team Trump faces criticism over weak job growth statistics - Democratic Rep. Don Beyer highlighted the weak economic performance during a testimony by Treasury Secretary Scott Bessent.
- Bessent's assertions of strong GDP and job growth contradicted the reality of the economic data.
- The overall job growth over the first five months of 2025 was the weakest since the Great Recession, sparking debates over the administration's economic narrative.
00
society 2025-06-12 10:12
Congresswoman Linda Sanchez accuses Treasury Secretary of sexism during hearing - Rep. Linda Sanchez accused Treasury Secretary Scott Bessent of interrupting her based on her gender during a hearing.
- Bessent focused on defending the Trump administration's trade policies amid rising concerns over tariffs.
- Sanchez's remark about being interrupted due to her gender sparked controversy and discussions on gender dynamics in politics.
00
politics 2025-06-12 00:00
Trump tax bill raises questions about national debt impact - Treasury Secretary Scott Bessent stated that the effect of the Trump tax bill on national debt is uncertain.
- Analyses from the Congressional Budget Office indicate the bill could result in a $2.4 trillion increase in federal deficits over the next decade.
- Critics argue that the bill's additional costly provisions will contribute to the already high national debt.
00
business 2025-06-10 00:00
Scott Bessent faces challenges after early hedge fund success - Scott Bessent began his career in finance after initially studying journalism at Yale University.
- He launched a hedge fund in 2000 with support from George Soros, which closed by 2005 due to poor performance.
- Despite struggles in fund management, Bessent achieved personal financial success and maintains a stable family life in D.C.
00
politics 2025-06-02 20:11
Trump and Xi must talk as U.S.-China trade talks stall - U.S.-China trade negotiations have stalled, requiring direct intervention from Presidents Trump and Xi.
- Despite an agreement on May 12 to roll back tariffs for 90 days, compliance from both sides remains inadequate.
- Ongoing uncertainties and additional tariffs may impact consumer sentiment and overall economic stability.
00
politics 2025-06-02 11:50
Scott Bessent underscores America's commitment to avoiding debt default - Treasury Secretary Scott Bessent discussed tariffs and their effects on American consumers during the June 1, 2025 interview.
- He stated that the U.S. would not default on its debt, as significant negotiations are underway in Congress.
- The message conveyed the importance of strategic economic planning amid rising inflation and trade tensions with China.
00
business 2025-05-27 05:00
Trump pauses trade war with China amidst economic concerns - Scott Bessent secured a 90-day pause on the trade war with China, aimed at calming markets.
- The trade pause has raised concerns about its impact on the US economic position against China.
- The effectiveness and fairness of the trade agreement remain under scrutiny from analysts.
00
politics 2025-05-12 00:00
Trump proposes cutting tariffs on China to deescalate trade tensions - President Donald Trump is considering reducing tariffs on Chinese goods, which currently stand at 145%.
- Trade negotiations between the U.S. and China are scheduled to take place in Geneva, involving high-level officials.
- Reducing tariffs may alleviate some trade tensions but will not eliminate price increases for consumers.
00
politics 2025-05-10 19:03
U.S. and China engage in critical trade talks in Switzerland - U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are meeting with Chinese officials this weekend.
- These discussions in Switzerland emerge following a surge in tariffs, which has sharply reduced trade between both nations.
- The aim of the talks is to de-escalate tensions and potentially outline the framework for future trade relations.
00
politics 2025-05-10 11:00
Marco Rubio juggles multiple key roles under Trump administration - Marco Rubio has transitioned from presidential rival to a key figure in the Trump administration, obtaining a unanimous Senate confirmation as Secretary of State.
- He and Scott Bessent have gained influence amid competing factions, especially in economic and foreign policy discussions.
- Concerns arise over Rubio's ability to manage multiple high-profile roles effectively, particularly in the context of escalating national security challenges.
00
politics 2025-05-09 22:33
Congress must act swiftly to prevent US default this summer - The U.S. could run out of money to pay its bills without congressional action as early as August.
- Scott Bessent urged Congress to raise or suspend the debt ceiling by mid-July to avert a financial crisis.
- Failure to act could lead to unprecedented default, affecting America's financial stability and global leadership.
00
politics 2025-05-09 21:03
Trump's top officials signal openness to negotiate with China on trade - Top U.S. officials held discussions with a Chinese delegation in Geneva regarding trade and economic tensions.
- There are growing signals from both nations indicating a willingness to negotiate and possibly resolve ongoing trade disputes.
- The outcome of these talks could significantly influence U.S.-China relations and global market dynamics.
00
politics 2025-05-09 16:10
Trump proposes reducing China tariffs to 80% - President Trump proposed lowering tariffs on imports from China to 80%, potentially easing current trade tensions.
- This suggestion precedes significant trade discussions between U.S. and Chinese officials scheduled for this weekend in Geneva.
- These negotiations could mark a critical step towards changing the current tariffs and improving trade relations, although challenges remain.
00
politics 2025-05-08 00:00
Treasury Secretary Bessent advocates for U.S. leadership in digital asset regulation - Scott Bessent testified before the House Financial Services Committee regarding digital asset regulation.
- He warned that failing to lead in this area could result in unregulated ecosystems outside the U.S.
- The U.S. aims to develop clear regulatory frameworks to encourage innovation and maintain competitiveness.
00
politics 2025-05-08 00:00
Trump imposes 145% tariffs on Chinese imports amid trade tensions - The Trump administration announced significant tariffs against both foreign imports and specifically against China on April 2, 2025.
- China responded with its own increased tariffs on U.S. goods, leading to predictions of substantial job losses in China.
- Upcoming trade negotiations between the U.S. and China may influence the future of these tariffs and international trade stability.
00
politics 2025-05-05 16:09
Trump's economic agenda aims to attract global investors - Treasury Secretary Scott Bessent highlighted the core components of Trump's economic agenda, including tariffs and tax cuts.
- He mentioned ongoing trade negotiations with key partners, including China, indicating potential advancements.
- The administration aims to attract global investors and create a stronger economy through these policies.
00
business 2025-05-05 10:26
Treasury Secretary expresses optimism for U.S. economy's performance in 2025 - The White House has voiced confidence in the U.S. economy amid global trade turmoil and rising tariffs.
- Treasury Secretary Scott Bessent wrote that recent data indicates a positive trend for jobs and inflation.
- Bessent predicts significant economic activity in the second half of 2025 as new trade deals are expected to be announced.
00
politics 2025-05-02 02:55
U.S. plans to hold China accountable for trade deal failures - Treasury Secretary Scott Bessent emphasized that the U.S. will consider China's lack of compliance with the phase one trade deal in future negotiations.
- The initial 2020 trade agreement aimed for China to purchase $200 billion in U.S. goods but fell significantly short.
- Bessent predicts an eventual easing of tariffs due to unsustainable economic impacts on both nations.
00
business 2025-04-28 21:41
Media influences American fears of recession, says Treasury Secretary Scott Bessent - Treasury Secretary Scott Bessent explains that rising recession fears are largely driven by media narratives.
- An ABC News poll reveals that 72% of Americans think President Trump's tariffs could lead to a recession.
- Bessent emphasizes the need for patience as economic results from current policies could take up to six months to be seen.
00
politics 2025-04-28 13:15
China denies Trump’s claim of talks on tariff agreements - China's Foreign Ministry denied any recent communication between President Trump and President Xi regarding tariffs.
- Trump asserted that his administration was in discussions with China, which was refuted by Chinese officials.
- The lack of negotiations contributes to ongoing trade tensions affecting global markets.
00
business 2025-04-26 09:00
Union boss struggles to oppose Nippon-US Steel merger backed by members - The proposed merger between Nippon Steel and U.S. Steel involves a $15 billion investment.
- David McCall, president of the United Steelworkers, opposes the deal while many local members support it.
- His past criticisms of Donald Trump create challenges in influencing the administration's decision.
00
politics 2025-04-25 00:00
Scott Bessent expects de-escalation in U.S.-China trade war - Scott Bessent addressed an investor summit in Washington, D.C., on April 22, 2025, stating that the trade war between the U.S. and China is unsustainable.
- He expects a de-escalation in tensions, noting both countries are aware their current tariff levels cannot remain in place.
- Bessent's comments have resulted in a positive market response, with significant upticks in stock values.
00
politics 2025-04-24 03:14
Musk and Bessent clash in shouting match over IRS control - Elon Musk and Scott Bessent had a loud altercation regarding the IRS's leadership in the White House.
- The argument escalated with personal insults and required an aide to intervene.
- This incident exemplifies the ongoing tensions between Musk and Bessent over government personnel and policy decisions.
00
politics 2025-04-24 00:00
Trump softens stance, lowers expectations on China tariffs - President Trump softened his tone regarding tariffs on Chinese goods, suggesting they would not be as high as previously announced.
- Treasury Secretary Scott Bessent indicated the current high tariff rates are unsustainable and detrimental to trade.
- Investors reacted positively, with the stock market rallying on hopes for reduced tensions and increased trade negotiations.
00
politics 2025-04-14 00:00
Scott Bessent leads U.S. trade negotiations amid market turmoil - Scott Bessent has been appointed as the chief spokesman for U.S. trade negotiations amidst concerns about investor confidence.
- Trade tariffs have sharply escalated, with significant implications for relationships with countries like China and others.
- The effectiveness of negotiations will be crucial for maintaining market stability and fulfilling economic goals.
00
politics 2025-04-11 00:00
Bessent warns China against bond dumping amid economic instability - Scott Bessent asserted that the current volatility in the bond market is linked to normal deleveraging processes.
- He warned that China’s strategy of selling U.S. Treasurys could undermine its goals of fostering a weaker yuan.
- Bessent emphasized the resilience of the U.S. Treasury market, affirming its status as a low-risk investment despite global economic uncertainties.
00
politics 2025-04-09 20:47
Nearly 70 countries seek trade talks with Trump administration amid tariffs - Over 50 nations, including Japan, have contacted the White House to negotiate trade agreements following new tariffs.
- The Trump administration's tariffs aim to promote fair trade practices and strengthen U.S. manufacturing.
- Future negotiations could shape international trade relations significantly while seeking to balance various national interests.
00
politics 2025-04-07 12:52
Scott Bessent rejects recession fears despite market drop - The S&P 500 saw a 10.5% drop, marking a significant decline linked to fears over new tariffs.
- Scott Bessent maintained that recession fears are exaggerated and highlighted long-term investment strategies.
- Bessent's remarks reflect the administration's stance on encouraging optimism amidst economic uncertainty.
00
politics 2025-04-05 11:14
Scott Bessent warns tariffs could peak without retaliation - Treasury Secretary Scott Bessent announced tariffs, which will impose 10% tariffs across most countries.
- Significantly higher tariffs will be levied on key trading partners like the EU, Japan, Taiwan, and China.
- World leaders are divided on the tariffs, with some condemning them while others hope for negotiations and reconciliation.
00
politics 2025-04-04 09:45
Bessent urges nations not to retaliate against tariffs - The United States announced a 10% baseline import tariff on many goods, targeting several foreign countries.
- Scott Bessent, Treasury Secretary, urged nations not to retaliate against the U.S. tariffs to avoid escalation.
- Bessent believes the tariffs are a stepping stone towards long-term economic growth for the U.S.
00
business 2025-03-26 08:00
Senator calls for 24/7 access to EIN applications for aspiring business owners - Senator Joni Ernst requested enhanced technology from the IRS to improve 24/7 access to EIN applications.
- The current EIN application tool is only available during specific hours on weekdays, which delays business operations.
- Improving access could significantly benefit aspiring business owners and streamline the entrepreneurial process.
00
business 2025-03-17 00:00
Scott Bessent outlines Trump's economic certainty through tax relief - Scott Bessent outlined Trump's economic policies focusing on tax relief and deregulation.
- The plan includes making current tax rates permanent and removing taxes on tips, overtime wages, and Social Security income.
- This strategy aims to provide economic certainty and address the affordability crisis in the nation.
00
2023 All rights reserved
2023 All rights reserved