How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Treasury Department
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
Treasury Issues More Sanctions on Iranian Oil Exports
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
Bessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Rubio Is Pressing to Open Sanctions Investigation Into Harvard
Experts and former officials said it was unusual for a cabinet secretary to try to influence the Treasury Department’s sanctions process to target a domestic entity.
Trump to Withdraw Nominee to Lead Consumer Bureau
Jonathan McKernan is expected to be tapped for a Treasury Department post instead after waiting for months for the full Senate to take up his consumer bureau nomination.
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
‘We Don’t Have to Sign Deals’: Trump Backs Off Big Promises About Tariffs
After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.
For the U.S. and China, the Only Talking Is About Whether to Talk
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
U.S. Textile Industry Rejects Bessent’s Suggestion Boom Times Are Over
A textile trade association that has backed President Trump’s trade strategy took issue with Treasury Secretary Scott Bessent’s remark that emphasized “precision manufacturing” over clothing and fabrics.