Scott Bessent, China and Russia

Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia and making 2017 tax cuts permanent.
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Treasury Pick Bessent Takes Aim at China, Tax Cuts in Hearing
Good morning. US Treasury pick Scott Bessent targeted China and tax cuts in his confirmation hearing. Rio Tinto and Glencore are said to be in talks on a combination. And Nintendo will unveil its next-generation Switch in April.
Trump Treasury Nominee Scott Bessent: More Sanctions Could Bring Russia "To The Table" On Ukraine
Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is "perplexed" that the Biden administration did not impose more sanctions and tariffs on Russia's economy.
Bessent calls for stronger Russia sanctions at treasury confirmation hearing
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Treasury Secretary Nominee Scott Bessent Defends Trump’s Tariffs Plan, Calls to Renew Tax Cuts
President-elect Donald Trump’s pick to run the Treasury Department does not expect the incoming president’s proposed tariffs to drive up inflation and says he is looking forward to helping extend the Trump tax cuts.

China response key to crude oil

Russia, sanctions

China Begins Probe Into US Chip Grants, Alleged Dumping
China will start an investigation into the potentially illegal dumping of mature or legacy chips by US firms, one of ...
Putin Shadow Fleet's Sanctions-Hit Tankers 'Stranded' off China Coast
The vessels Mermar, Huihai Pacific and Olia carrying more than 2 million barrels of oil left Russian ports earlier in January ...
China's 2024 chip imports surged 10.4% to US$385 billion amid tighter US tech sanctions
Chinese firms rushed to stockpile semiconductors in 2024, driving double-digit expansion of integrated circuit (IC) imports, ...
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China protests US sanctions for its alleged role in hacking, complains of foreign hacker attacks
Asked about the sanctions against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo ...
China Pounces on Russia's Fire Sale of Prized Assets
In December, Russia reportedly sold its stakes in certain Kazakh uranium deposits to Chinese-owned companies. This involved Kazakhstan's nuclear resources company, Kazatomprom, and Russia's Rosatom ...
US steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia
The U.S. Treasury Department is expanding the web of sanctions on companies and institutions supporting Russia’s war efforts ...
China fires shot across Trump’s bow with defense sanctions
China’s decision this week to slap several major U.S. defense firms with penalizing trade measures is being viewed as a “shot ...
‘Enough is enough’: New report warns top US companies at risk of hefty fines from possible China sanctions
A new report warns that over 80 Fortune 100 companies are doing significant business in China and that they could face ...