Page 2 - Us Treasury

US Treasury Secy Bessent says Trump has advantage with tariff rates

President Trump is creating this leverage by saying: if you don't want to negotiate with me, I've sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion

US could collect $300 bn in tariff revenue this year, says Treasury chief

A Treasury spokesperson said the $300 billion target corresponds to the December 31 end of calendar 2025, not the end of the government's fiscal year on September 30

We're 'very close' with India: US Treasury Secretary on trade deal

Jaishankar says he's hopeful but can't guarantee pact

'Relationship is excellent': Trump confirms trade deal with China finalised

Trump says a trade deal with China has been finalised, with key agreements on rare earth supplies, tariffs, and student visas, pending final approval from both leaders after talks in London

US sanctions Palestinian NGO, others over alleged ties with militant groups

The US Treasury Department on Tuesday imposed sanctions on a major Palestinian legal group for prisoners and detainees along with five other charitable entities across the Middle East, Africa and Europe, accusing them of supporting militant groups, including Hamas' military wing, under the pretense of humanitarian aid in Gaza. Those sanctioned include Addameer, a nongovernmental organisation that was founded in 1991 and is based in the city of Ramallah in the Israeli-occupied West Bank. The Palestinian group provides free legal services to Palestinian political prisoners and detainees in Israeli custody and monitors the conditions of their confinement. The federal government claims that Addameer has long supported and is affiliated with the Popular Front for the Liberation of Palestine, a secular, left-wing movement with a political party and an armed wing that has carried out deadly attacks against Israelis. Israel and the United States have labelled the PFLP a terrorist ...

Bond markets are returning to normal but other fiscal numbers are a concern

It may not stay that way given the gathering risks, notably credible estimates that deficits will continue to run well higher than 3 per cent of GDP

Treasury yields rise; stocks, dollar fall amid tax bill, US downgrade focus

The US dollar weakened broadly, hitting a more than one-week low against the safe-haven yen, Swiss franc and euro. Against the Japanese yen, the dollar was down 0.38 per cent at 145.06

US Treasury chief dismisses Moody's downgrade amid Trump tax cut debate

"I don't put much credence in the Moody's" downgrade, Bessent told CNN's "State of the Union" program

US, China make 'substantial progress' on deal to cut trade deficit

Bessent told reporters that details would be announced on Monday and that U.S. President Donald Trump was fully aware of the results of the "productive talks.''

US, China begin tariff talks in Geneva amid global trade concerns

The US Treasury Secretary and America's top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and damage the global economy. The Xinhua News Agency says Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer have begun meetings in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Diplomats from both sides also confirmed that the talks have begun but spoke anonymously and the exact location of the talks wasn't made public. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised US tariffs on China to a combined 145%, and .

One of first trade deals may be with India, says US treasury secy Bessent

Speaking to reporters after two early morning television interviews, Besssent said the first such trade agreement might come this week or next

Bond yields soften tracking US yields, profit booking caps gains

The yield on the 10-year Treasury declined on Wednesday after President Donald Trump reversed his comments about firing US Federal Reserve Chairman Jerome Powell

Dollar jumps after Bessent predicts easing of US-China trade tensions

The US dollar index, which measures the greenback against six other major currencies, was up 0.6 per cent at 98.937, after sinking as low as 97.923 in the previous session

US Treasury Secy defends China tariffs, says India important trade partner

US Secretary of the Treasury Scott Bessent emphasised that such a move focuses on countries like China, which have been contributing to imbalances in the global economy

Treasuries, US dollar see fall as Trump's trade war sparks recession fears

US stocks were in positive territory early, with investors weighing whether recent sharp selling may have been overdone, although trading remained choppy as it has been all week

Bessent says Treasury to play bigger role so lenders can finance growth

Bessent said Treasury's stronger involvement in crafting bank regulation would be achieved through the Financial Stability Oversight Council

Global bond markets shift as US treasuries face competition from Europe

One early test comes Tuesday, when the US government is set to sell $58 billion of three-year securities, followed by 10- and 30-year maturities later this week

Best of BS Opinion: Trump's tariffs generate differing global reactions

Our editorial page today addresses various topics, including global reactions to Trump's tariffs, the future of BIMSTEC, and a look at NVidia's CEO Jensen Huang

Over 50 nations seek trade talks with US after tariff action: Officials

Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the US since last Wednesday's announcement, putting Trump in a position of power

Stocks rebound after S&P 500 correction as safe-haven gold hits record

Last week the Nasdaq confirmed it was in a correction, driven lower by tariff and growth uncertainties as well as high valuations for megacap tech stocks