Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US Treasury Secretary Scott Bessent expressed optimism about resolving trade tensions with India, stating, "at the end of the day, we (India and the US) will come together."
US Treasury Secretary Scott Bessent congratulated Sergio Gor on being appointed as the next Ambassador to India and Special Envoy for South and Central Asian Affairs.
"I hear some people are accusing India of being 'recalcitrant'. I say, far better to be recalcitrant, than to be tractable, submissive or acquiescent to injustice," Tharoor posted on X.
US Treasury Secretary Scott Bessent on Tuesday (local time) stated that India has been headstrong in their trade negotiations with the US, noting that New Delhi has been "a bit recalcitrant", days after US President Donald Trump announced an additional 25 per cent tariff, citing the count
"Iran's behaviour has left it decimated. While it has had every opportunity to choose peace, its leaders have chosen extremism... Treasury will continue to target Tehran's revenue sources and intensify economic pressure to disrupt the regime's access to the financial resources that fuel its
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.
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."
US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng on Monday engaged in discussions on macroeconomic developments in both nations. Yellen during her discussions also addressed several US concerns, including China's non-market policies.