World · 30 August 2026
Bessent pushes Trump agenda amid 60-economy tariff dispute.
U.S. Department of the Treasury via Wikimedia Commons (Public domain)
Treasury Secretary Scott Bessent is using a two-day summit in North Carolina to push the Trump administration's financial agenda. The unresolved war in Iran has closed the Strait of Hormuz shipping route, which is driving up energy prices and hurting economic growth. He also plans to pressure allies to shrink their trade imbalances, just weeks after America slapped high tariffs on 60 different economies.
Reported by Reuters · How we write briefs