Scott Bessent

US Tariffs to Take Effect August 1 Without Trade Deals, Says Treasury Secretary

This is Beirut, 06/07 18:10 - Reading : 3 minute(s)

Scott Bessent Donald Trump Tariffs United States

US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday. The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2, before he suspended the levies to allow for ...

Trump Names Scott Bessent as Treasury Secretary

This is Beirut, 2024-11-23 09:45 - Reading : 3 minute(s)

Donald Trump Republicans United States US Congress Scott Bessent

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs. Bessent, who is chief executive officer of Key Square Group, has called for an extension of tax cuts from Trump's first term, wants to reassert American ...

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