This is Beirut - US treasury

Republicans Eye Thursday Vote On Trump's Tax Cut Mega-Bill

This is Beirut, 22/05 09:35 - Reading : 4 minute(s)

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Republicans announced Wednesday they will vote early Thursday on US President Donald Trump's sprawling domestic policy mega-bill pairing tax relief with spending cuts that critics say would decimate health care while ballooning the debt. The "One Big, Beautiful Bill Act" would usher into law Trump's vision for a new "Golden Age," achieved through ...

US Sanctions Four Key Hezbollah Financiers in Lebanon and Iran

This Is Beirut, 15/05 18:05 - Reading : 1 minute(s)

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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two senior Hezbollah officials and two financial facilitators based in Lebanon and Iran for coordinating funding to support the group’s “terrorist activities.” According to a press release issued by the Department of the Treasury on ...

US, China Agree to Slash Tariffs in Trade War De-Escalation

This is Beirut, 12/05 21:34 - Reading : 4 minute(s)

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The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset," as he said that talks with counterpart Xi Jinping could soon follow. After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, ...

US, China to Publish Details of 'Substantial' Trade Talks in Geneva

This is Beirut, 12/05 09:20 - Reading : 4 minute(s)

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The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending a devastating tariff war launched by US President Donald Trump that has wiped billions off equities and brought chaos to international commerce. US Treasury Scott Bessent and Trade Representative Jamieson Greer met with Chinese ...

China Sales to US Slump Even as Exports Beat Forecasts

This is Beirut, 09/05 08:05 - Reading : 2 minute(s)

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China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world's two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as ...

Stock Markets Edge up as Trump Softens Tariff Pain for Auto Firms

This is Beirut, 29/04 16:00 - Reading : 3 minute(s)

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Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...

Stock Markets Mostly Rise as Investors Eye Trade Talks

This is Beirut, 28/04 11:05 - Reading : 3 minute(s)

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Stocks mostly rose on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy. Markets ...

Washington: Hezbollah’s Financing and Disarmament are Interconnected

Bassam Abou Zeid, 26/04 18:40 - Reading : 2 minute(s)

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Combating the financing of terrorism was a central topic for the official Lebanese delegation at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington. The most significant discussions were held with US Treasury Department officials, particularly involving Finance Minister Yassine Jaber and Central Bank ...

Iran Slams US Sanctions as ‘Hostile’ Ahead of New Round of Talks

This is Beirut, 23/04 12:55 - Reading : 2 minute(s)

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Iran's foreign ministry on Wednesday condemned new US sanctions targeting its oil network, calling the move a sign of Washington's "hostile approach" ahead of a third round of nuclear talks. In a statement, foreign ministry spokesman Esmaeil Baqaei said the US policy of imposing sanctions on the Iranian people was a "clear ...

Trump to Meet Japan Envoy for Tariff Negotiations

This is Beirut, 16/04 14:25 - Reading : 3 minute(s)

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US President Donald Trump said he will join negotiations on Wednesday with Japan's envoy for tariffs, after both countries expressed confidence in striking a mutually beneficial outcome. Trump issued a 90-day pause last week on his 24-percent tariffs on Japan, the biggest investor into the United States and its close strategic and economic ...

Dollar Plunges, Stocks Wobble Over Trade War Turmoil

This is Beirut, 11/04 19:55 - Reading : 4 minute(s)

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Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...

Trump Tells US Treasury to Stop Minting New Pennies

This is Beirut, 10/02 09:25 - Reading : 2 minute(s)

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US President Donald Trump said Sunday he had told the Treasury to stop producing penny coins, presenting it as an effort to cut down on government spending. "For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Trump wrote on his Truth Social platform. "I have instructed my ...

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