US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers.
US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers.
US Treasury’s Bessent lays out a ‘doctrine’ steeped in economic self-reliance
Scott Bessent, US treasury secretary, during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, June 23, 2026. Bessent signaled confidence in newly installed Federal Reserve Chairman Kevin Warsh during remarks Tuesday, and predicted that inflation will retreat as the Iran conflict subsides. Photographer: Krisanne Johnson/Bloomberg
The duties Trump imposed on American importers haven’t sparked an industrial renaissance
Cranes and shipping containers at the Port of Long Beach in Long Beach, California, US, on Friday, Feb. 20, 2026. President Donald Trump imposed a 10% global tariff on foreign goods, moving quickly to preserve his trade agenda after the US Supreme Court struck down many of the levies he imposed last year. Photographer: Kyle Grillot/Bloomberg
A president known for calling climate change a hoax is threatening Brazil with tariffs over deforestation
Ken Custer, owner of Custer Farms, from left, US President Donald Trump, and Joe Thomas, owner of Hall of Fame Farms, during a roundtable at Custer Farms Inc. in Chippewa Falls, Wisconsin, US, on Friday, June 5, 2026. Trump said that farmers would see “good things” happen in the coming months, as the president sought to bolster his relationship an agriculture industry who have been battered by his tariffs as well as high fuel and fertilizer costs triggered by his war with Iran. Photographer: Steven Garcia/Bloomberg
Jamieson Greer takes his defense of Trump’s tariffs to the heart of globalization’s intellectual base
Jamieson Greer, US trade representative, during a Bloomberg Television interview during the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 21, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Chris J. Ratcliffe/Bloomberg
The meeting was long on good vibes. The question now is, how long will they last?
US President Donald Trump speaks to members of the media on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Friday, May 15, 2026. Donald Trump met Xi Jinping in Beijing's leadership compound on Friday, kickstarting a second day of talks that kept relations on an even keel but have yielded limited deals so far. Photographer: Eric Lee/Bloomberg
Big economies managing ties with the US and China are struggling to withstand shocks from both
U.S. President Donald Trump, left, and Xi Jinping, China's president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Trump said China is taking advantage of American workers and American companies with unfair trade practices, but he blamed his predecessors in the White House rather than China for allowing the massive U.S. trade deficit to grow. Photographer: Qilai Shen/Bloomberg
His strategy with Iran involves familiar moves aimed at maximizing leverage
US President Donald Trump during a news conference in the James S. Brady Press Briefing Room of the White House in Washington, DC, US, on Monday, April 6, 2026. President Donald Trump said talks with Iran are "going well" ahead of a Tuesday night deadline to agree to a deal, even as he insisted that freedom of navigation through the Strait of Hormuz must be part of any agreement. Photographer: Aaron Schwartz/CNP/Bloomberg
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
AnmeldenBloomberg Economics
