Bessent said he had previously spent two days of "very tough" negotiations with China's vice premier in Malaysia earlier in the week, which likely helped the situation.

Treasury Secretary Scott Bessent said Sunday he is "optimistic" ahead of this week’s Supreme Court arguments in a case that could determine the fate of President Donald Trump's trade agenda.

The Trump administration heads to the US Supreme Court on Wednesday, facing off against small businesses and a group of states who contend most of the tariffs it has put in place are illegal and shou...

A ruling striking down Trump's use of the 1977 International Emergency Economic Powers Act, or IEEPA, to quickly impose broad global tariffs also would eliminate a favorite cudgel to punish countries...