The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.

Treasury Secretary Scott Bessent will huddle with House Republicans multiple times this week as the administration looks to soothe GOP concerns about the sweeping tariffs that President Trump ...

Treasury Sec. Scott Bessent said on Tuesday that President Trump’s apparent willingness to engage in tariff negotiations is a ...

FIRST ON FOX: Treasury Secretary Scott Bessent will be on Capitol Hill again on Wednesday to meet with a key Republican caucus, Fox News Digital has learned.

Treasury Secretary Scott Bessent said in an interview Tuesday that the U.S. has the upper hand over China as the trade war ...

Treasury Sec. Scott Bessent weighed in on America’s tariff negotiations with other countries during a late Monday afternoon ...

Treasury Secretary Scott Bessent claimed Sunday that “more than 50 countries” have approached the Trump administration to ...

Larry Summers slammed Treasury Secretary Scott Bessent for making “ludicrous” claims that Chinese producers will bear the brunt of President Trump’s tariffs. Summers, who served as Treasury ...

Larry Summers is fed up with the tariff defense made by his successor, Treasury Secretary Scott Bessent. Summers, who served as treasury secretary under President Bill Clinton, blasted Bessent’s ...

"It is worth it." Treasury Secretary Scott Bessent, who declined this week to rule out the possibility of a recession, suggested in an interview Tuesday that he was optimistic that some of the looming ...

• The Federal Reserve said Wednesday it is keeping interest rates at current levels, but warned of uncertainty in the US economy. • Fed policymakers said they expect the economy to be weaker ...