Trump previously appeared to cancel the meeting with Xi at the APEC Summit later this month, but Bessent says it is still on.

Treasury Secretary Scott Bessent said he still expects Presidents Donald Trump and Xi Jinping will meet, while warning that all options are open for retaliating against China’s move to tighten exports of rare earths.

Bessent warned that China’s attempt to “overshadow” Trump’s Gaza peace deal with its export control announcement was a “bad idea” and a “miscalculation.”

Secretary of the US Treasury says Trump may call off his 100 percent tariff threat on China as negotiations continue.

US President Trump is expected to meet Chinese leader Xi Jinping in South Korea amid escalating trade tensions. The US plans to impose a 100% tariff on Chinese imports starting November 1, following China's new restrictions on rare earth exports.

Treasury Secretary Scott Bessent on Thursday praised President Donald Trump as "solution-driven" and said the president was right to call out the United Nations' shortcomings on immigration, energy and the economy.

Stephen Miller was apparently calling the shots in the Trump administration’s lethal military strikes on Venezuelan boats accused of drug smuggling. The White House deputy chief of staff and homeland security adviser played a principal role in the operations, which were led by his homeland security council, The Guardian reported Monday.

Weeks after he reportedly threatened to punch top housing finance official Bill Pulte “in the f—---- face”, Bessent has been slugged with a mortgage-related punch of his own, after reportedly agreeing to occupy two different houses as his “principal residence” at the same time.