💨 Abstract

Treasury Secretary Scott Bessent criticized the World Bank and International Monetary Fund for falling short, while trying to reassure investors about US global leadership. He did not call for US withdrawal but said the administration will push these institutions to fulfill their mandates. Bessent's remarks came as President Trump's tariffs on China were reported to be under discussion for potential reduction, though Bessent expressed surprise about this.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖