Scott Bessent pushes gradual 2.5% universal US tariffs plan
Donald Trump’s Treasury secretary Scott Bessent is pushing for new universal tariffs on US imports to start at 2.5 per cent and rise gradually, said four people familiar with the proposal.
Treasury Secretary Nominee Scott Bessent Defends Trump’s Tariffs Plan, Calls to Renew Tax Cuts
President-elect Donald Trump’s pick to run the Treasury Department does not expect the incoming president’s proposed tariffs to drive up inflation and says he is looking forward to helping extend the Trump tax cuts.
Scott Bessent Pushes Universal Tariff Plan as U.S. Treasury Secretary
Newly confirmed U.S. Treasury Secretary Scott Bessent is advocating a plan to impose universal tariffs on imports, according to the Financial Times. The proposal suggests starting tariffs at 2.5%, increasing by 2.
‘Golden age starts now’: Scott Bessent becomes Donald Trump’s treasury secretary, pushes universal 2.5% tariff plan
Scott Bessent has been confirmed as US Treasury Secretary, advocating for universal tariffs starting at 2.5%. He aims to eliminate taxes, implement a consumption tax, and adopt a gold-backed currency,
Senate confirms Scott Bessent as Trump's Treasury secretary
Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key economic issues.
Trump's Treasury pick Scott Bessent pushes universal 2.5% tariff plan that would rise each month: Report
President Donald Trump's Treasury secretary pick, Scott Bessent, pushes for new tariffs and warns of a 'calamity' if tax cuts expire. Confirmed by the Senate, Bessent emphasizes reducing taxes, increasing oil production to control prices,
Bessent: Carbon tariffs could be part of an overall tariff program
President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is ...
Scott Bessent, hedge fund billionaire, is Trump's treasury secretary
Scott Bessent, a billionaire hedge fund manager, will lead President Donald Trump 's financial agenda as treasury secretary.
'I prefer across the board': Trump's top tariff man favors broad duties for a range of issues — including AI
Donald Trump's pick for commerce secretary underlined that big and broad tariffs are top of mind both for him and the ...
Bessent: China Will Cut Prices In Response To Tariffs So They Can Continue To "Export Their Way Out Of Economic Malaise"
Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes ...
Trump just gave his clearest picture yet of what new tariffs could look like
President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we ...
FACTBOX All of Donald Trump's tariff threats
Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones - a ...
Japan to Cooperate With Bessent on Forex, Other Issues
TOKYO (Reuters) - Japanese Finance Minister Katsunobu Kato and U.S. Treasury secretary Scott Bessent will cooperate on issues ...
Trump's orbit is trying to calm markets on tariffs — even if Trump has a different approach
New mixed messages this week about President Donald Trump's implementation of tariffs are flummoxing markets and businesses ...