Treasury Secretary Scott Bessent has assailed the International Monetary Fund and the World Bank even as he tries to reassure nervous investors the United States will maintain its global leadership role.

Speaking in the Oval Office after a brief swearing-in ceremony for Securities and Exchange Commission Chair Paul Atkins Tuesday, Trump said talks with China were “doing fine” because “everybody wants to have involvement” in American markets.

US Treasury Secretary Scott Bessent says high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signals openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.