Scott Bessent

US-China trade war

Bessent as US Treasury secretary may give China breathing room over tariffs

US President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to his moderate stance on tariffs.

US politics

Trump nominates hedge fund chief Bessent to lead US Treasury

Bessent beat out other prominent contenders including Apollo Global Management Inc. executive Marc Rowan, former Federal Reserve Governor Kevin Warsh and Tennessee Senator Bill Hagerty.
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