Scott Bessent
Trump’s new economic squeeze on Iran has a big challenge: China
WASHINGTON | The ” economic onslaught ” that Treasury Secretary Scott Bessent has declared on Iran’s financial connections around the world may have one major caveat: China. Beijing is Iran’s biggest trading partner and its leading oil buyer. While the U.S. is trying to isolate the Islamic Republic from its remaining economic partners, President Donald […]
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
WASHINGTON | The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into […]