The United States has imposed sanctions on six entities and six individuals in Iran and China for their involvement in procuring ballistic missile propellant ingredients for Iran's Islamic Revolutionary Guard Corps (IRGC).
US Treasury Secretary Scott Bessent has said that the United States and India made "some very good progress" concerning the trade deal during Vice President JD Vance's visit to the country and some announcements could be made soon.
The US Secretary of the Treasury highlighted the success of US President Trump's negotiating strategy, which he said has brought over 75 countries forward to engage in trade talks.
US Secretary of the Treasury Scott Bessent expressed confidence that China would not take any action against Taiwan during President Donald Trump's tenure, as reported by Taipei Times.
During the Senate confirmation hearings, US Treasury Secretary-designate Scott Bessent called China an "unbalanced economy," and described the nation as being in a "severe recession."
Trump described Bessent as "A lifelong Champion of Main Street America and American Industry", and said that Scott will work for Trump's policies to drive American competitiveness, stop "unfair trade imbalances", and help create an economy that places growth at the forefront.