Tariffs, Iran and bond turmoil to put U.S. Treasury Secretary Bessent’s G20 diplomacy skills to the test

The meeting of finance ministers and central bank governors comes at a time of massive uncertainty over the Trump administration’s next moves

U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost ​growth and sever business ties to Iran, while trying to calm worries about rising U.S. debt and bond yields.

By David Lawder ASHEVILLE, North Carolina, Aug 30 (Reuters) - U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost growth and sever business ties to Iran, while trying to ca

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil  Reuters

ASHEVILLE, North Carolina, Aug 30 - U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade imbalances, boost growth and sever business ties to Iran, while trying to calm worries about rising U.

WASHINGTON (Kyodo) -- U.S. Treasury Secretary Scott Bessent on Friday disclosed a letter justifying last month's coordinated market intervention by th

U.S. Treasury Secretary Scott Bessent declined to spell out how much the U.S. deployed in a late July yen intervention.

The United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days

Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.