WorldChina in the Crossfire of Bessent’s Latest Iran Sanctions
The China Show examines US threats to sanction Iran’s trading partners and the implications for China. It also discusses reports that the US and China are extending their trade truce.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters

Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
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CNBC

The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
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Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
CCoinDesk

Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
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CNBC

Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
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NBC News

In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
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NBC News

In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
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NBC News

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters
Reports that mention this person, by story.
The China Show examines US threats to sanction Iran’s trading partners and the implications for China. It also discusses reports that the US and China are extending their trade truce.

Treasury Secretary Scott Bessent has threatened secondary sanctions against Iran. Foundation for Defense of Democracies senior fellow Miad Maleki weighs the implications of the threat and argues that Bessent is “banking on” it.

US Treasury Secretary Scott Bessent is threatening a campaign against Iran that he labels an “economic D-Day”; the pressure could leave America confronting China, its main trading partner.
Treasury Secretary Scott Bessent announced a new round of secondary sanctions targeting countries that continue to do business with Iran. The Trump administration is seeking to cut off Tehran’s financial lifeline to end the war.

Treasury Secretary Scott Bessent offered no further indication Monday that the US could revamp its debt management, after a report said the department might use part of its cash holdings to fund buybacks of older, higher-yielding securities.
Treasury Secretary Scott Bessent’s promised deficit-reduction plan, expected in the coming days, is set to confront a stark obstacle: there is no indication that the Republican-controlled Congress will deliver any net budget cuts this year.
Treasury Secretary Scott Bessent announced a new round of sanctions targeting Iran on Monday and warned countries doing business with the Islamic Republic to sever their financial ties or face retaliation from the United States.

The program examines the political and global-business implications of U.S. pressure on Iran. Rep. Jake Auchincloss says he will not support any funding for what he calls a failed, illegal war and urges Congress to prevent a “forever war.” Former Trump economic adviser Stephen Moore says China is central to the success of secondary sanctions on countries doing business with Iran.

Treasury Secretary Scott Bessent announced a plan to isolate Iran from the global economy and threatened countries that maintain ties with Tehran. Bloomberg experts assessed his remarks, including a plan for bond buybacks next month.

Bloomberg’s early edition of Balance of Power examines the Trump administration’s latest moves, including Scott Bessent’s warning to Iran’s trading partners to sever ties. Guests include economist Joe Lavorgna, Stonecourt Capital partner Rick Davis and Harvard Kennedy School fellow Jeanne Sheehan Zaino.
