-
1 week ago | 
rigzone.com | Katia Dmitrieva |Christopher Anstey
Two of Wall Street’s top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump’s tariff measures may prove limited, given that the administration has other avenues to impose import duties.
-
1 week ago | 
bloomberg.com | Katia Dmitrieva |Christopher Anstey
US President Donald Trump Photographer: Ken Cedeno/UPI/Bloomberg(Bloomberg) -- Two of Wall Street’s top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump’s tariff measures may prove limited, given that the administration has other avenues to impose import duties.
-
1 week ago | 
news.bloombergtax.com | Christopher Anstey |Philip Heijmans
Southeast Asian leaders called out unilateral trade actions in a joint statement late Tuesday, without specifically mentioning the US — the region’s largest export customer. “We note the continued rise in unilateral actions relating to tariffs and other trade and investment restrictions and the growing risk of global fragmentation,” the leaders of the Assocation of Southeast Asian Nations said in a statement. Asean leaders had been meeting in Kuala Lumpur, Malaysia.
-
1 week ago | 
bloomberg.com | Christopher Anstey |Philip Heijmans
Anwar Ibrahim, Malaysia's prime minister, during the Association of Southeast Asian Nations summit in Kuala Lumpur on May 27.
-
1 month ago | 
news.bloomberglaw.com | Daniel Flatley |Christopher Anstey
The Treasury Department said it’s now looking at “enhancements” to its buybacks of older US government debt securities, just weeks after Scott Bessent hinted at the potential to beef up the program in the event of any major market turmoil. “Treasury will evaluate a broad range of possible enhancements such as: changes to maximum purchase amounts, buyback operation scheduling and frequency” and other details, it said in a statement Wednesday.
-
2 months ago | 
news.bloomberglaw.com | Christopher Anstey |Daniel Flatley |Tyler S. Kendall
Treasury Secretary Scott Bessent said that as the Trump administration imposes specific reciprocal-tariff rates on US trading partners, there’ll be a focus on particular nations deemed most responsible for unfair commercial practices. “What’s going to happen on April 2: Each country will receive a number that we believe that represents their tariffs” in effect against the US, Bessent said in an interview with Fox Business’ Maria Bartiromo Tuesday. “For some countries it could be quite low.
-
2 months ago | 
news.bloombergtax.com | Christopher Anstey |Daniel Flatley |Tyler S. Kendall
Treasury Secretary Scott Bessent said that as the Trump administration imposes specific reciprocal-tariff rates on US trading partners, there’ll be a focus on particular nations deemed most responsible for unfair commercial practices. “What’s going to happen on April 2: Each country will receive a number that we believe that represents their tariffs” in effect against the US, Bessent said in an interview with Fox Business’ Maria Bartiromo Tuesday. “For some countries it could be quite low.
-
2 months ago | 
financialpost.com | Hadriana Lowenkron |Christopher Anstey
'You think it’s about a trade war — this is their way of getting election votes,' says U.S. commerce secretary • • You can save this article by registering for free here. Or sign-in if you have an account.
-
2 months ago | 
financialpost.com | Hadriana Lowenkron |Christopher Anstey
Commerce Secretary Howard Lutnick praised the UK and Mexico for refraining from engaging in tit-for-tat tariff hikes with the US, warning that those trading partners that upset President Donald Trump with their responses to American protectionist steps open themselves to a severe reaction.
-
Mar 7, 2025 | 
bloomberglinea.com | Christopher Anstey |Liz McCormick
Bloomberg — El secretario del Tesoro, Scott Bessent, rechazó la idea de que las subidas de aranceles del presidente Donald Trump vayan a desencadenar una nueva ola de inflación, y sugirió que la Reserva Federal debería considerar que tienen un impacto puntual. “He acordado no hablar sobre la política prospectiva de la Reserva Federal en el futuro”, dijo Bessent al responder preguntas tras un discurso en el Club Económico de Nueva York.
