Bessent appears to be more interested in bringing down borrowing costs to stave off a potential sovereign debt doom loop than in the $1.5 trillion drop in equities.

The tariffs President Trump announces today likely won't be raised further, but could be negotiated downward, Treasury Secretary Scott Bessent told lawmakers during a meeting, according to a participant.

WASHINGTON (TNND) — Treasury Secretary Scott Bessent is urging other countries to not retaliate against President Donald Trump's "Liberation Day" tariffs and to "take a deep breath."

A team from Ukraine will arrive in the US late this week or early next week to discuss an economic cooperation agreement between the two countries.US Treasury

US Treasury Secretary Scott Bessent has warned the world that 'doing anything rash' in the wake of Donald Trump's latest tariffs 'would be unwise'.

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House.

The United States did not impose duties on imports of goods from Russia and Belarus, as products from these countries are not supplied to the USA. This was stated by US Treasury Secretary Scott Bessent in an interview with Fox News.

Scott Bessent last month admitted “there are no guarantees” the U.S. won't plunge into a recession under Donald Trump.

President Donald Trump announced on his self-proclaimed “Liberation Day” and declared a 10% tariff on all goods as well as retaliatory tariffs on some of the U.S.’s closest allies that he says are taking advantage of the U.S.