Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes Chinese companies are likely to reduce prices in response to American tariffs,

President Xi Jinping’s government reached last year’s 5% growth target, a well-telegraphed victory that came as little surprise. But a closer look at the numbers reveals a reliance on trade that’s set to inflame US ties.

Donald Trump's nominee for Treasury Secretary Scott Bessent told Sen. Ron Wyden why it is goofy to claim the U.S. is in an "arms race with China for clean energy." SCOTT BESSENT: Senator Wyden, just to frame this for everyone in the room,

Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.

Treasury Secretary designee Scott Bessent’s nomination advanced past a key Senate committee Tuesday, teeing up his likely confirmation with a full floor vote in the coming days.

Hedge fund manager Scott Bessent — who has vowed to crack down on off-the-rails federal spending and help avert a “crushing $4 trillion tax hike” on Americans by year’s end — was

The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new administration’s top financial job as President Donald Trump forges ahead on an ambitious economic agenda.

The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda -- which is already sparking global jitters.

The White House says that US President Donald Trump is still thinking about imposing tariffs on imports from Canada, Mexico and China starting on February 1.

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.