Treasury Secretary Scott Bessent denies that tariff pause is due to market declines

Treasury Secretary Scott Besent denied the president’s step to implement his definitions, which was the result of a decrease in financial markets, which caused great concern to investors.

The comments came after the President issued a stop on 75 different countries, which, according to the Trump administration, showed a willingness to negotiate commercial deals in good faith with the United States. At the same time, the Trump administration increased the rates of collective tariffs on Chinese goods to 125 %, which came after China imposed its own tariff in response to an increase in the “Liberation Day” tariff in Donald Trump last week.

“This was driven by the president’s strategy. He recently performed since Saturday, and this was his strategy all the time,” Besent replied when asked whether the standard tariff was the result of the market decrease. The Treasury Secretary also cited a “imbalance” in the responses of various countries, especially China, regarding its willingness to negotiate new trade deals.

Trump urges the Americans to “a difficult comment” on the definition plan with the market stumbling

“It is just a treatment problem,” Pisent said when asked whether the market market was an incentive for temporary stoppage. “Each of these solutions will be detailed. It will take some time, and President Trump wants to participate personally, and for this reason we hit the stop for 90 days.”

Meanwhile, BESSENT questioned the reporters’ allegations that the bond market was “stimulating” and said that the information before it was not so not. Trump, who also presented questions on Wednesday about market fluctuations after his definitions, described the current bond market as “beautiful”.

Trump told reporters on Wednesday about his point of view on the market regarding his definitions. “[Markets] I moved from, as you know, somewhat moderate today, but during the past few days, it seemed great, to a large extent, as I think it was the largest day in financial history. This is a very big change. ”

“I think the word will be flexible,” Trump added. “You have to be flexible.”

The White House deals with recession fears, the market volatility is called a “transitional period”

One of the news broadcasts broadcasts on the ground of the New York Stock Exchange (New York Stock Exchange) in New York, the United States, on Friday, April 4, 2025. S&P 500 fell by 5.97 % on Friday, with the closure of its worst week since Covid, where investors continued to withdraw from American stocks after China escalated the trade war through network networks. (Michael Nagle/Bloomberg via Getty Images)

The stocks jumped again on Tuesday before slipping again before the markets were closed in that evening. However, on Wednesday, when Trump issued his announcement of the tariff stopped, the shares rose again, as the S& P 500 has witnessed its best day since 2008, according to Market Watch.

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During the weekend, the US President told concerns about the continuous market fluctuations to “hanging strongly”, adding that his plan is already working with trillion dollars that are already poured into the American economy.

Trump wrote on Saturday in a post on the social media platform on the social media platform, “” We will make America great again !!! ”

The White House refused to comment on this story.

Michael Durgan in Fox News contributed to this report.