The Business Times

Scott Bessent

International

US may seek more stakes in strategic companies to counter China, Bessent says

The duelling remarks underscored the whiplash investors have felt as tensions have flared in the relationship between Washington and Beijing.
Global Enterprise

Trump declares US-China trade war, Bessent floats long truce

U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque
International

Trump is a 'go' on meeting with China's Xi, Bessent tells CNBC

Scott Bessent told the Washington Examiner in a separate interview that Trump may declare a national housing emergency this fall to address rising prices and dwindling supply.
Property

Bessent says Trump administration will tackle high housing costs with new measures

US Treasury Secretary Scott Bessent said that there are 11 “very strong candidates” being considered for Powell’s position.
International

Bessent says interviews for new Fed chair to start around Sep 1

US Treasury Secretary Scott Bessent's comments come as the BOJ continues to have one of the lowest policy rates among major economies while the nation’s key price gauge has remained at or above the bank’s 2 per cent target for more than three years.
Banking & Finance

Bessent says BOJ is falling behind the curve, expects hike

US Treasury Secretary Scott Bessent (above) credited President Donald Trump with the “very unique solution” of allowing Nvidia to expand in China and become a bellwether for Chinese technology, with the US taxpayer getting “a share of” the reward.
Global Enterprise

Bessent sees Nvidia, AMD China agreements as a model for others

“The real thing now to think about is should we get a 50 basis-point rate cut in September,” says Scott Bessent in an interview on Fox Business.
International

Bessent hints Fed should be open to a half-point rate cut

Scott Bessent’s (left) comments point to the competition between the US and China over a range of issues, with tech and artificial intelligence among the most high-profile.
International

Bessent dismisses China investing in US as part of a trade deal

In an interview on Fox Business Network’s Kudlow, US Treasury Secretary Scott Bessent said Chinese President Xi Jinping had invited President Trump to a meeting, but one had not been scheduled.
Global Enterprise

US trade team will meet Chinese officials in two or three months, Bessent says

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