Trump: Bessent an option to replace Fed chair, 'but I like the job he's doing'
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South China Morning Post
an hour ago
- South China Morning Post
US Treasury chief says China talks could cover Iran, Russia oil buys
The next round of US-China talks could include Chinese purchases of Russian and Iranian oil, US Treasury Secretary Scott Bessent said on Monday, a move that would shift the focus of trade negotiations into national security issues. Advertisement US President Donald Trump has imposed fresh tariffs on allies and competitors alike this year, and Washington and Beijing in April rapidly increased duties on each other's goods in a tit-for-tat escalation. But after high-level talks in Geneva and London, the world's two biggest economies temporarily lowered tariff levels until mid-August while discussions continued. 'I think trade is in a good place,' Bessent told CNBC in an interview. 'And I think now we can start talking about other things. 'The Chinese, unfortunately, are very large purchasers of sanctioned Iranian oil, sanctioned Russian oil. So we could start discussing that.'
South China Morning Post
an hour ago
- South China Morning Post
Why Republican Biden fixation may distract from Trump's priorities
The House has launched investigations asserting that Biden's closest advisers covered up a physical and mental decline during the 82-year-old Democrat's presidency. The Senate has started a series of hearings focused on his mental fitness. And Trump's White House has opened its own investigation into the Biden administration's use of the presidential autopen , which Trump has called 'one of the biggest scandals in the history of our country'. It all fits with Trump's practice of blaming his predecessors for the nation's ills. Just last week, he tried to deflect criticism of his administration's handling of the Jeffrey Epstein sex trafficking case by casting blame on others, including Biden. Turning the spotlight back on the former president carries risks for both parties heading into the 2026 midterms. The more Republicans or Democrats talk about Biden, the less they can make arguments about the impact of Trump's presidency – positive or negative – especially his sweeping new tax cut and spending law that is reshaping the federal government. 'Most Americans consider Joe Biden to be yesterday's news,' Republican pollster Whit Ayres said.
South China Morning Post
2 hours ago
- South China Morning Post
Why the Republican's Biden fixation risks distracting from Trump's priorities
Advertisement The House has launched investigations asserting that Biden's closest advisers covered up a physical and mental decline during the 82-year-old Democrat's presidency. The Senate has started a series of hearings focused on his mental fitness. And Trump's White House has opened its own investigation into the Biden administration's use of the presidential autopen , which Trump has called 'one of the biggest scandals in the history of our country'. It all fits with Trump's practice of blaming his predecessors for the nation's ills. Just last week, he tried to deflect criticism of his administration's handling of the Jeffrey Epstein sex trafficking case by casting blame on others, including Biden. Turning the spotlight back on the former president carries risks for both parties heading into the 2026 midterms. The more Republicans or Democrats talk about Biden, the less they can make arguments about the impact of Trump's presidency – positive or negative – especially his sweeping new tax cut and spending law that is reshaping the federal government. 'Most Americans consider Joe Biden to be yesterday's news,' Republican pollster Whit Ayres said. Republicans intensify focus on Biden's legacy, risking distraction from Trump's agenda. Photo: AP Republicans want Biden's autopen to become a flashpoint
