Scott Bessent
Scott Bessent is the Treasury Secretary.
Notable Quotes
"Despite the misplaced gloating from Democrats,...the court did not rule against President Trump’s tariffs."View Story →
"We will get back to the same tariff level for the countries. It will just be in a less direct and slightly more convoluted manner."View Story →
"President Trump created maximum negotiating leverage for himself by issuing such a massive tariff threat."View Story →
"The Treasury can easily cover any tariff refunds, though he is confident that the Supreme Court will uphold the IEEPA tariffs."View Story →
"The Treasury can easily cover any tariff refunds, though he is confident that the Supreme Court will uphold the IEEPA tariffs."View Story →
"nothing has changed for national security and revenue after the Supreme Court ruled against the Trump administration’s global tariffs."View Story →
"the Supreme Court has taken away the president's leverage."View Story →
"nothing has changed for national security and revenue after the Supreme Court ruled against the Trump administration’s global tariffs."View Story →
"The Supreme Court has taken away the President's leverage, but in a way, they have made the leverage that he has more draconian because they agreed he does have the right to a full embargo."View Story →
"My sense is that could be dragged out for weeks, months, years."View Story →
"My sense is that could be dragged out over weeks, months, years."View Story →
"They are normalising this violence. It's got to stop."View Story →
"In exchange for the 60-day waiver, Tehran had committed to keeping the vital Strait of Hormuz open and allowing IAEA nuclear inspectors back into the country."View Story →
"We will follow what they decide, but it can take weeks or months until we hear from them."View Story →
"believed markets were misreading signals from Japan’s bond market and feared that higher global yields could undermine broader financial stability."View Story →
"It is not up to the administration — it is up to the lower court."View Story →
"Tariff revenues will be unchanged this year and will be unchanged in the future."View Story →
""political vacuum""View Story →
"The United States will not allow rogue groups to profit from the illicit mineral trade and destabilise the region."View Story →
"MBaer has funnelled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and Russia."View Story →
"MBaer has funneled over a hundred million dollars through the U.S. financial system on behalf of illicit actors tied to Iran and Russia."View Story →
"MBaer has funneled over a hundred million dollars through the U.S. financial system on behalf of illicit actors tied to Iran and Russia."View Story →
"I agree that the Supreme Court reaffirmed your ability to implement an embargo."View Story →
"I agree that the Supreme Court reaffirmed your ability to implement an embargo."View Story →
""It's my strong belief that the tariff rates will be back to their old rate within five months.""View Story →
"We may unsanction other Russian oil."View Story →
"We have given them permission to accept the Russian oil."View Story →
"There are hundreds of millions of barrels of oil in the water that are sanctioned, and, in essence, by lifting the sanctions, the Treasury Department can create supply."View Story →
"This stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage."View Story →
"We may unsanction other Russian oil."View Story →
"We’re going to keep a cadence of announcing measures to bring relief to the market during this conflict."View Story →
"We may unsanction other Russian oil."View Story →
"deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea."View Story →
"The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term."View Story →
"tailored, short-term policy move would reduce the economic impact of the US-Israel war with Iran"View Story →
"Thanks to the bonds of mutual respect between President Trump and President Xi, the trade and economic dialogue between the United States and China is moving forward."View Story →
"My team will continue to deliver results that put America’s farmers, workers and businesses first."View Story →
"Sanctions will be on the table when Chinese companies cross the line into intellectual property (IP) theft."View Story →
"The President wants to remain in DC to coordinate the war effort."View Story →
"we will do whatever is necessary to keep the price"View Story →
"In the coming days, we may unsanction the Iranian oil that's on the water."View Story →
"the next efforts, which could include waiving sanctions on Iranian oil"View Story →
"The coordinated foreign exchange actions countered disorderly yen movements."View Story →
"There was a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict."View Story →
"The Easter miracle is considered the greatest victory in history."View Story →
""The Easter miracle is considered the greatest victory in history.""View Story →
"The nominee has been visiting Capitol Hill and meeting with senators, and a hearing will be held."View Story →
"In essence, we are jiujitsuing the Iranians."View Story →
"The US would impose economic isolation on Iran like the world has never seen before."View Story →
Related Stories
Trump threatens 'tremendous economic consequences' on any country helping Iran
It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.
August 20, 2026Members of Trump's cabinet remained on decoy plane, after president's quiet exit
Trump boarded a different plane in Turkey during a Nato summit for security reasons involving Iran.
August 12, 2026Trump confirms he switched planes after Nato summit because of possible threat
Journalists and White House staff who were on board the jet were unaware the president had left.
August 12, 2026Oil prices fall on hopes Strait of Hormuz could reopen
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
August 4, 2026US and Japan take action to prop up yen in rare joint move
Both countries have said that they will not hesitate to conduct joint interventions in the future.
August 3, 2026Trump considering AI controls after OpenAI hacking incidents
It marks a change of tone for his administration, which has taken a more hands-off approach to the technology.
July 30, 2026Trump administration bans new Chinese humanoid robots
The US and China are locked in a race to the lead the world in robotics and artificial intelligence.
July 29, 2026China's Moonshot AI stole from Anthropic, Trump tech adviser says
The allegations come as Chinese AI companies are facing increased US government scrutiny.
July 23, 2026US sanctions Rwanda gold refinery accused of smuggling DR Congo's minerals
The US alleges Gasabo Gold Refinery smuggled at least 60kg of gold in early 2026.
June 26, 2026Iran says no new commitments on nuclear sites after Vance says inspectors to be invited back
Iran's foreign ministry says it made "no new commitments" on nuclear inspections after talks in Switzerland.
June 23, 2026Thunderstorms threaten Trump's UFC cage fight on the White House lawn
Thousands are expected at the mixed martial arts fight, which coincides with Trump's 80th birthday.
June 15, 2026Amazon voiced concerns about Anthropic AI models before US crackdown, source says - Reuters
Amazon voiced concerns about Anthropic AI models before US crackdown, source says Reuters
June 13, 2026Trump 'anti-weaponisation' fund indefinitely blocked as judge wants guarantee it's abandoned
The proposed "anti-weaponisation" fund was announced to settle a lawsuit by Trump against the Internal Revenue Service over the leak of his tax returns.
June 12, 2026Hegseth: US to bomb 'key facilities' in Iran on Wednesday - Reuters
Hegseth: US to bomb 'key facilities' in Iran on Wednesday Reuters
June 10, 2026US considers buying Chagos Islands, Telegraph reports - Reuters
US considers buying Chagos Islands, Telegraph reports Reuters
June 7, 2026Iran rejects idea of using its assets to pay damages to US allies - Reuters
Iran rejects idea of using its assets to pay damages to US allies Reuters
June 7, 2026US eyes Iranian assets for Gulf allies' reconstruction, source says - Reuters
US eyes Iranian assets for Gulf allies' reconstruction, source says Reuters
June 6, 2026China weathered Trump's tariffs - but the Iran war is taking a toll
The Middle East conflict is putting pressure on factory orders, costs and jobs in China's export-driven economy.
April 22, 2026China's teapots buy Iranian oil at premiums to Brent for first time in years, sources say - Reuters
China's teapots buy Iranian oil at premiums to Brent for first time in years, sources say Reuters
April 10, 2026White House confident Warsh will lead Fed in May - Reuters
White House confident Warsh will lead Fed in May Reuters
April 9, 2026More than 15 countries planning to facilitate Strait of Hormuz access, Macron says - Reuters
More than 15 countries planning to facilitate Strait of Hormuz access, Macron says Reuters
April 8, 2026Trump's trade war with China in focus ahead of May summit - Reuters
Trump's trade war with China in focus ahead of May summit Reuters
April 6, 2026Trump invokes religious rhetoric in praise of Iran rescue, drawing criticism - Reuters
Trump invokes religious rhetoric in praise of Iran rescue, drawing criticism Reuters
April 5, 2026In prime-time address, Trump tells wary public Iran goals nearly achieved - Reuters
In prime-time address, Trump tells wary public Iran goals nearly achieved Reuters
April 1, 2026Trump 24-karat gold coin approved by hand-picked federal panel
The coin, intended to mark the nation's 250th birthday, should be "as large as possible", says one panel member.
March 20, 2026US considers lifting sanctions on some Iranian oil
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
March 19, 2026Trump seeks to delay meeting with Xi in China
The escalating war in Iran has overshadowed many of the US' foreign policy objectives
March 17, 2026Iran renews attacks on US Gulf allies, Trump says that was not expected - Reuters
Iran renews attacks on US Gulf allies, Trump says that was not expected Reuters
March 17, 2026Gulf states press US to neutralise Iran for good as Hormuz crisis deepens - Reuters
Gulf states press US to neutralise Iran for good as Hormuz crisis deepens Reuters
March 16, 2026US, China economic chiefs meet in Paris to clear path to Trump-Xi summit - Reuters
US, China economic chiefs meet in Paris to clear path to Trump-Xi summit Reuters
March 15, 2026Ukraine and allies fear easing Russian sanctions will prolong war
Ukraine's president says the US decision "certainly does not help achieve peace".
March 13, 2026Why has Trump eased sanctions on Russian oil - and will it help Putin?
The US said easing sanctions on Russian oil would provide only a limited financial boost to Putin.
March 13, 2026US eases Russia oil sanctions as Iran war pushes up energy prices
Washington says a 30-day waiver is only for sanctioned Russian oil already loaded on vessels at sea.
March 13, 2026Trump says US is waiving certain oil-related sanctions to ensure supply - Reuters
Trump says US is waiving certain oil-related sanctions to ensure supply Reuters
March 9, 2026US pump prices surge as Iran war upends global energy supply - Reuters
US pump prices surge as Iran war upends global energy supply Reuters
March 7, 2026US could lift sanctions on more Russian oil, says Bessent - Reuters
US could lift sanctions on more Russian oil, says Bessent Reuters
March 6, 2026College sports needs Congress to fix NIL, Trump says, while promising executive order - Reuters
College sports needs Congress to fix NIL, Trump says, while promising executive order Reuters
March 6, 2026EU trade head says US has given assurance it will honor trade deal - Reuters
EU trade head says US has given assurance it will honor trade deal Reuters
March 5, 2026Trade court orders tariff refunds in setback for Trump administration
A trade court has cleared the way for businesses to receive refunds for tariffs that the Supreme Court struck down last month.
March 5, 2026Top Republican in Congress shrugs off economic risks of Iran war ahead of U.S. midterms - Reuters
Top Republican in Congress shrugs off economic risks of Iran war ahead of U.S. midterms Reuters
March 4, 2026Higher tariffs likely this week, says US Treasury
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
March 4, 2026Spain's Pedro Sánchez hits back at Trump threat to sever trade saying 'no to war'
Spain's prime minister delivers a strong rebuttal to US President Donald Trump's threat to end trade with his country.
March 4, 2026Trump threatens to halt trade with Spain over military base access
Trump lashed out after Spain barred the US from using its military bases to carry out strikes on Iran.
March 3, 2026US sanctions Rwanda's military and top commanders over fighting in DR Congo
Rwanda accused Washington's move as “one sided” and politically motivated.
March 3, 2026Oil and gas prices rise on new Iran threat to Gulf shipping
Iranian official threatens to "set fire" to any ships passing through the crucial Strait of Hormuz.
March 3, 2026US threatens to cut off Swiss bank MBaer from financial system over alleged Iran, Russia, Venezuela ties - Reuters
US threatens to cut off Swiss bank MBaer from financial system over alleged Iran, Russia, Venezuela ties Reuters
February 26, 2026US tariff rate to hit 15% or more for some nations, USTR says - Reuters
US tariff rate to hit 15% or more for some nations, USTR says Reuters
February 25, 2026Senate Democrats blast Trump for failing to use sanctions to pressure Russia - Reuters
Senate Democrats blast Trump for failing to use sanctions to pressure Russia Reuters
February 24, 2026Morning Bid: Trump fumes against the world as his tariffs come up short - Reuters
Morning Bid: Trump fumes against the world as his tariffs come up short Reuters
February 24, 2026FedEx sues for Trump tariff refund
The recent US Supreme Court ruling that President Trump overstepped his powers when he imposed global tariffs paved the way for companies to seek a refund.
February 24, 2026US led January yen rate checks, eyed joint intervention with Japan, Nikkei reports - Reuters
US led January yen rate checks, eyed joint intervention with Japan, Nikkei reports Reuters
February 23, 2026US tariff policy 'hasn't changed', says Trump's trade representative
Jamieson Greer says the legal basis for global import taxes will simply adapt to Friday's Supreme Court ruling.
February 23, 2026Armed man killed after entering secure perimeter of Trump's residence, Secret Service says
The suspect was carrying a shotgun and fuel can when he was killed, officers said. Trump was in Washington DC at the time.
February 22, 2026Law enforcement kills armed man seeking to enter Trump's Mar-a-Lago resort, officials say - Reuters
Law enforcement kills armed man seeking to enter Trump's Mar-a-Lago resort, officials say Reuters
February 22, 2026How will Trump's new 10% global tariffs work and what's next?
The Supreme Court's decision has led questions over whether people can get a refund over the unlawful tariffs.
February 21, 2026Trump lashes out at Supreme Court justices over tariffs ruling
The six justices who voted against the tariffs, dealing a major blow to his signature economic policy, should be "absolutely ashamed", Trump said.
February 21, 2026Supreme Court has taken away Trump's leverage with tariff ruling, says Bessent - Reuters
Supreme Court has taken away Trump's leverage with tariff ruling, says Bessent Reuters
February 20, 2026'Hard to keep lights on' - Business owners cautiously welcome tariff ruling
A toy importer says the Supreme Court decision was a rebuff to "insane fluctuations" in duties.
February 20, 2026Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court - Reuters
<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxPRVdHTlpNTUpqX0Z0S1d3VjNxNFY5akoxVEFjb0xMUXlWNXRhZUYtMlJ1MGxHNno5YkRDT3RPTkQzdWhUcU9vMHVqcDU1RmJxZ09icUdrUjZ1S1hNNlc2SU43SkhMdFhfeWk5WkphTzRRSkpEVkN5cEZVMEgtMElPY2xJcjVXank2VFE3bFBkOHdsTk5UZWxzQ3pWZXpVMXpQZDdKaTdWOXFLenFGeHNSeHZmUGNKRGk3Z0NmeW1fdEZfR0Q0Uks0?oc=5" target="_blank">Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court</a> <font color="#6f6f6f">Reuters</font>
February 20, 2026Supreme Court live: Trump plans 10% global tariff, says refund fights may take years - Reuters
<a href="https://news.google.com/rss/articles/CBMipgFBVV95cUxPNEJKVzNpdGxwNEdQQ0FaZnNBZ3pMVnhZWklNcmcxNmhrV2pSMU8xWlMzOUpFSUdydng0VTZGZEt0bkpMRnlsb1JENGZzMmxfVnQ4YXlJUWhoR1BPY2NUMWwtVXNXanZwT0g2bl9xdFpDOXVoemh2d0R2NFpwWmVSQU1mbHRndy15YzhaX2wyd29fQ0hPOWNMM0lOeHAyYU9EeHZBMGtR?oc=5" target="_blank">Supreme Court live: Trump plans 10% global tariff, says refund fights may take years</a> <font color="#6f6f6f">Reuters</font>
February 20, 2026US Supreme Court strikes down Trump's global tariffs - Reuters
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxOeWFtcjJKM1FoR2pkVldFNncwblBySWNKWGxLdDU3blVuUWJ5eDhvSVgxUVBIX1NxNXVtdVJZRXdYUU1zUlNwQVo5MGloXzhveGw1WnpIY1FsNlRWX053cHRuY2NoSU1mXzNmNm1WczVjWDBMUDduVHZkUndtOE01YlJ0UlhjdU82Z1RDZWVUYk5PVEhucS13SDE3a3hPa1NX?oc=5" target="_blank">US Supreme Court strikes down Trump's global tariffs</a> <font color="#6f6f6f">Reuters</font>
February 20, 2026Exclusive: US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates - Reuters
<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxQT2NZaTJYUkpYT1JJcjJUcXhjNFoyTEV6M3QzQk1nellOUHlFNlZFU2FTcTBITlJqYThDSVJUMTA2aFgxeWJoOUliRHktNTRXRFR3YUpPa19LOGs4aDhMNVVnQjNqTHZaVnRMd2c3T2luZUFTdjJzd1FpZXJKcVY5R3hqSFJJeFZMZ2l0Y19xTVlSeU1YZmtvUDhURE1UcUxGYm5DMExZU3lFczdMT3QtS3J2OTk1dw?oc=5" target="_blank">Exclusive: US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates</a> <font color="#6f6f6f">Reuters</font>
February 20, 2026