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bessent

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Bessent says Strait of Hormuz will be 'worthless piece of water' as oil pipelines bypass it

The U.S. Treasury secretary said land pipelines could bypass the strategic waterway within two years amid escalating U.S.-Iran tensions.

2026.9.2

U.S. Treasury Secretary Scott Bessent speaks to the press after meeting Japanese Prime Minister Sanae Takaichi in Tokyo on May 12. [REUTERS/YONHAP]

Lee to meet with Bessent in Seoul ahead of U.S.-China summit

President Lee Jae Myung will meet U.S. Treasury Secretary Scott Bessent in Seoul this week, Lee's office said Tuesday, with the two expected to discuss U.S. tariffs among other issues.

2026.5.12

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U.S. Treasury Secretary Scott Bessent attends a meeting with members of the Association of Mature American Citizens about financial literacy on April 29 at the Treasury Department in Washington. [AP/YONHAP]

Bessent to meet Chinese vice premier in Seoul despite no official meeting with Korean gov't

U.S. Treasury Secretary Scott Bessent will fly into Seoul on Wednesday for a one-day stop to meet Chinese Vice Premier He Lifeng — but not, so far, anyone from the Korean government.

2026.5.11

U.S. Treasury Secretary Scott Bessent attends the 56th annual World Economic Forum meeting in Davos, Switzerland on Jan. 20. [REUTERS/YONHAP]

Bessent to visit Korea next week before Trump-Xi summit in China: Sources

U.S. Treasury Secretary Scott Bessent is expected to visit Korea next week for talks with senior officials in Seoul, sources said Saturday.

2026.5.9

U.S. Treasury Secretary Scott Bessent speaks with reporters at the White House, Oct. 22, in Washington. [AP/YONHAP]

Bessent to attend APEC forum in Gyeongju next week: Treasury Dept.

U.S. Treasury Secretary Scott Bessent will visit Korea to attend the APEC Economic Leaders' Meeting next week as part of his Asia trip that will also take him to Malaysia and Japan, his office said Thursday.

2025.10.24

U.S. Treasury Secretary Scott Bessent looks on during a press conference with U.S. Trade Representative Jamieson Greer on the sidelines of the IMF and World Bank annual meetings in Washington on Oct. 15. [REUTERS/YONHAP]

Trump says he expects to reach deal with China on trade, soybeans, possibly nuclear arms

U.S. President Donald Trump said on Wednesday he expected to reach agreements with Chinese President Xi Jinping when they meet in South Korea next week that could range from resumed soybean purchases by Beijing to limits on nuclear weapons.

2025.10.23

U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol in Washington, D.C., U.S., June 27. [REUTERS/YONHAP]

U.S. more concerned with getting 'high-quality' trade deals than meeting Aug. 1 deadline: Bessent

U.S. President Donald Trump's administration is more concerned with getting "high-quality" deals with trading partners rather than meeting the Aug. 1 negotiation deadline, the treasury secretary said Monday, noting that Washington will not rush.

2025.7.22

U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London on June 10. [REUTERS/YONHAP]

Tariff deals could be wrapped up by Labor Day, Bessent says as talks pick up

U.S. Treasury Secretary Scott Bessent said that the Trump administration's various trade deals with other countries could be done by the Sept. 1 Labor Day holiday.

2025.6.28

U.S. Treasury Secretary Scott Bessent testifies before a House Appropriations subcommittee oversight hearing on Capitol Hill in Washington on May 6. [REUTERS/YONHAP]

Bessent says Korea presented 'very good' proposals in trade talks before election cycle

U.S. Treasury Secretary Scott Bessent said Tuesday that Korea put forward "very good" proposals in bilateral talks over trade and other related issues before the Asian country's election cycle kicked off.

2025.5.14