June 29, 2025

Scott Bessent

Finance

Trump says he is terminating trade talks with Canada; US, China clinch truce

On Friday afternoon, President Trump touted tariff revenue and an influx of domestic manufacturing but offered few details on the state of tariff negotiations ahead of the July 9 deadline, when the tariff pause expires. The president acknowledged that the administration won’t be able to reach deals with 200-plus countries over the next week and

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Crypto

U.S. Treasury Secretary Issues Huge $2 Trillion Crypto Prediction As Bitcoin Price Suddenly Soars

Bitcoin has rocketed higher over the last month, helped by fears stoked by Tesla billionaire Elon Musk that the U.S. dollar could be teetering on the verge of collapse. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for

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Investors

Can Trump fix the US debt? Even Elon Musk has doubts

WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All

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Finance

Trump’s finance chief rejects US recession fears

Scott Bessent, the US treasury secretary, and Howard Lutnick, the commerce secretary, with Donald Trump at the White House – Elizabeth Frantz/Reuters Donald Trump’s finance chief has rejected fears of a US recession despite the president’s trade war sparking a $6 trillion (£4.7 trillion) stock market collapse. Scott Bessent, the treasury secretary, said on Sunday

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