Scott Bessent
Trump Imposes Major Sanctions on Russia's Largest Oil Companies After Failed Ukraine Peace Talks
Oct 23, 2025 10:15 am CST
President Donald Trump has sanctioned Russia's two largest oil companies, Rosneft and Lukoil, after concluding that Vladimir Putin was not negotiating in good faith regarding Ukraine. The sanctions follow a canceled Trump-Putin summit in Budapest and represent one of the largest sanction packages against Russia. The European Union has also announced new measures against Russia, including a future ban on liquefied natural gas imports.
US Treasury Announces New Russia Sanctions Amid Escalating Ukraine Conflict and Failed Peace Efforts
Oct 23, 2025 04:23 am CST
The Trump administration is set to announce significant new sanctions against Russia as peace negotiations stall and Ukraine faces intensified missile attacks across multiple cities. Treasury Secretary Scott Bessent revealed the sanctions plan while Ukraine's President Zelenskyy seeks international support and additional military capabilities after Russian strikes killed civilians, including children, and damaged critical infrastructure ahead of winter.
President Trump to Visit Japan Before APEC Summit Amid Rising Asia Trade Tensions
Oct 16, 2025 10:00 am CST
President Donald Trump is set to visit Japan before attending the APEC summit in South Korea, while also participating in the ASEAN summit in Malaysia where he'll witness a Thailand-Cambodia peace agreement signing. The trip occurs amid escalating US-China trade tensions following China's rare earth export restrictions and political uncertainty in Japan.
US Treasury Secretary Seeks Global Alliance Against China's Rare Earth Export Controls
Oct 16, 2025 03:11 am CST
US Treasury Secretary Scott Bessent calls for coordinated international response to China's rare earth export restrictions, emphasizing this is a global issue rather than a bilateral dispute. While maintaining that diplomatic channels remain open, Bessent criticized China's support of Russia through energy purchases and confirmed President Trump's upcoming meeting with President Xi despite recent threats of increased tariffs.
Trump Threatens Cooking Oil Import Ban as U.S.-China Trade Tensions Escalate
Oct 15, 2025 09:53 am CST
President Trump has labeled China's halt of American soybean purchases an "economically hostile act" and threatened retaliatory measures against Chinese cooking oil imports. As trade tensions between the world's largest economies reignite during Trump's second term, both nations exchange threats over tariffs and strategic materials like rare earth exports, highlighting the increasingly fragile diplomatic relationship between President Trump and Chinese leader Xi Jinping.
US Seeks Global Coalition Including India Against China's Rare Earth Export Restrictions
Oct 15, 2025 09:10 am CST
US Treasury Secretary Scott Bessent has announced that Washington is seeking support from global allies, including India, to counter China's new export restrictions on rare earth elements. Describing the situation as "China versus the world," Bessent outlined potential countermeasures while confirming that planned talks between President Trump and Chinese President Xi Jinping would still proceed ahead of a November trade deadline.
Trump-Xi Trade Tensions Escalate: Rare Earth Restrictions and Tariff Threats Reshape US-China Relations
Oct 14, 2025 05:32 pm CST
US-China trade tensions have intensified as Presidents Trump and Xi engage in a high-stakes standoff over tariffs and rare earth minerals. With each side waiting for the other to make concessions, global markets remain on edge while Treasury Secretary Bessent attempts to arrange high-level talks. The dispute involves China's new restrictions on rare earth exports and Trump's threats of 100% tariffs, with significant implications for global supply chains and economic stability.
US Treasury Sanctions Over 50 Entities Including Indian Nationals for Iranian Oil Trade Violations
Oct 10, 2025 09:56 am CST
The US Treasury Department has imposed sanctions on more than 50 individuals, entities, and vessels involved in Iranian oil and LPG trading, including three Indian nationals. These sanctions target networks enabling billions in Iranian petroleum exports that fund terrorist activities. Treasury Secretary Scott Bessent stated the measures aim to dismantle Iran's energy export operations under the Trump Administration.
'Taking Over The World': Trump Says He Hopes AI Bosses Know What They're Doing
Sep 18, 2025 11:50 pm CST
US President Donald Trump said on Thursday that artificial intelligence was taking over the world and he hoped tech bosses knew what they were doing, because he didn't.
"Two Great Nations Will Get This Solved": Team Trump Amid India Tariffs
Sep 02, 2025 10:36 am CST
The Donald Trump administration in the United States hopes to resolve trade friction with India soon, with US Treasury Secretary Scott Bessent claiming the "two great countries will get this solved".