China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified yesterday that U.S. duties on Beijing are actually 145% because of earlier fentanyl-related levies.

Beijing’s retaliation came after the White House raised its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

The treasury secretary spoke with Fox Business moments after China announced an 84% retaliatory tariff against the U.S.

Bessent flew from New York to Florida, where Trump was golfing, and then traveled back to Washington with the president to discuss their message about tariffs fo

Treasury Secretary Scott Bessent appeared confident about the escalating trade war with China on Wednesday during an interview with Maria Bartiromo on Fox Business Network. "I think it's unfortunate that the Chinese actually don't want to come and negotiate because they are the worst offenders in the international trading system,

U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to better balance costs and benefits and ensure that lenders can finance growth in the U.

Treasury Secretary Scott Bessent said he expects the Trump administration to be “in a place of great certainty over the next 90 days” on tariffs as they make deals with other countries. President Trump was asked during a Thursday cabinet meeting to respond to the stock market on Thursday,

U.S. Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration can reach tariff deals with U.S. allies as he prepares to lead negotiations with more than 70 countries in coming weeks,

Treasury Secretary Scott Bessent played down a selloff in US Treasuries, saying that there was nothing systemic at play, and also served warning against China not to attempt to devalue its exchange rate in retaliation for American tariff hikes.