June 07, 2026
"We have substantially de-escalated," Bessent says in an interview with Fox Business Network
Bessent said the US is prepared to purchase Argentina’s US dollar-denominated bonds and will do so as conditions warrant
Tariff revenue would offset the deficit increases triggered by the Republicans' tax-cut and spending bill passed this year
The US treasury secretary says excessive capitalisation requirements impose unnecessary burdens on financial institutions, reducing lending, hurting growth and distorting markets
"I believe we may at some point have a call between the president and party Chair Xi," the US Treasury secretary says
US stocks rallied on hopes that the two countries might lower the steep trade barriers they have erected over the past month after Trump administration signals openness to de-escalate
Bessent says he will take a lead negotiating role in negotiations over Trump's tariffs
