Bessent does not back up Trump on China tariff discussions

Oil Prices Tick Higher Despite Tariff Talks Confusion

Crude oil prices started trading this week with a gain despite mixed signals from Washington regarding tariff negotiations with China. At the time of writing, Brent crude was trading at $67.03 per barrel, with West Texas Intermediate at $63.22 per barrel, after Treasury Secretary Scott Bessent said on Sunday he was not involved in any talks with Chinese officials. The statement followed claims by President Trump that there were ongoing tariff ta…

Treasury Secretary Admits Trump Is Nowhere Close to China Trade Deal

Trump’s own treasury secretary poured cold water all over his claims about trade talks with China.

Bessent does not back up Trump on China tariff discussions | Honolulu Star-Advertiser

WASHINGTON >> U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump’s assertion that tariff talks with China were under way and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.

Bessent says he doesn’t know if Trump, Xi have talked on trade

Treasury Secretary Scott Bessent said on Sunday he doesn’t know whether President Trump and Chinese President Xi Jinping have recently discussed tariffs or have begun informal negotiations on trade. In an interview on ABC News’s “This Week,” Martha Raddatz asked the Treasury secretary about apparently conflicting statements from Trump, who has indicated he has talked…

Bessent does not back up Trump on China tariff discussions

Trump's erratic, and often confusing, rollout of tariffs has led to unprecedented market volatility and serious damage to investor trust in U.S. assets.