Treasury’s Bessent sees “an opportunity for a big deal” with China

Treasury Secretary Scott Bessent on Wednesday said the Trump administration has an “opportunity for a big deal” on trade between the U.S. and China, providing a hint that a brutal tariff war between the two nations could ease up. Bessent, who delivered the keynote address at the Institute of International Finance in Washington, D.C., today,

Democrat Willie Phillips Resigns From Federal Energy Regulatory Commission

The move paves the way for President Donald Trump to nominate another member that would give the panel a Republican majority. Willie Phillips, a member of the Federal Energy Regulatory Commission (FERC) who served as its chairman under the Biden administration, resigned on April 21, the commission said. Phillips, a Democrat, served as FERC’s chairman

White House Denies Reports Trump Considering Cutting China Tariffs

‘When decisions on tariffs are made, they will come directly from the president. Anything else is just pure speculation,’ an official said. WASHINGTON—The White House responded to a report that President Donald Trump is considering a significant reduction in tariffs on Chinese imports to de-escalate the trade war, calling it “pure speculation.” “President Trump has

White House Denies Reports Trump Considering Cutting China Tariffs Unilaterally

‘When decisions on tariffs are made, they will come directly from the president. Anything else is just pure speculation,’ an official said. WASHINGTON—Treasury Secretary Scott Bessent said on April 23 that President Donald Trump hasn’t proposed reducing U.S. tariffs on Chinese imports on a unilateral basis, responding to recent speculation that the president is seeking