Bessent says Walmart will absorb 'some tariffs' after speaking with retailer's CEO
Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb "some of the tariffs."
Record $16B tariff inflow helped ease the US budget deficit rate
U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.
US has yet to launch trade negotiations with China, Treasury secretary says
The U.S. has not yet kicked off any trade negotiations with China, as both Washington, D.C., and Beijing have slapped steep tariffs against each other’s imports.
Trump's tax cuts: Where we stand
Treasury Secretary Scott Bessent says a tax bill that will extend the Tax Cuts and Jobs Act of 2017, put in place during President Donald Trump's first term, is on pace to be completed by July,
Treasury Secretary Bessent signals US advantage in tariff battle as China's economy crumbles
Treasury Secretary Scott Bessent is "confident" that China wants to reach a trade deal as the U.S. adversary's economy shows signs of slowing down to "devastating" lows.