Scott Bessent

New Business

Trump declines to rule out 2025 US recession; commerce secretary says ‘absolutely not’

US President Donald Trump declined on Sunday to rule out the possibility that the United States might enter a recession…

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New Business

China’s Vice-Premier He, US Treasury’s Bessent spar over tariffs, ‘economic imbalances’

China’s Vice-Premier He Lifeng held a video call with US Treasury Secretary Scott Bessent on Friday, expressing “serious concerns” regarding…

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New Business

Macroscope | Trump’s ‘big stick diplomacy’ won’t go far in today’s world system

“Speak softly and carry a big stick”, a phrase attributed to former US president Theodore Roosevelt, is often cited as…

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New Business

Can US, China improve soybean trade, or will Beijing hit US farmers over Trump’s tariffs?

China’s soybean imports ­­– which became deeply ingrained in the US-China trade war during Donald Trump’s first presidential term ­–…

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New Business

Opinion | Up in the air whether US economic arrows will hit the mark

The US looks set for simultaneous wars in three areas: deficits, currency and energy. That’s incoming US Treasury secretary Scott…

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New Business

Superpower showdown: how US-China economic warfare could play out under Trump

After retaking the White House last month, US president-elect Donald Trump celebrated his victory by attending an Ultimate Fighting Championship…

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New Business

Hong Kong stocks trade close to 2-month low, New World drops on Hang Seng removal

Hong Kong stocks hovered around a two-month low in light trading, as investors stayed on the sidelines due to a…

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