Bloomberg's report reveals that during the stock market crash week, U.S. Treasury Secretary Scott Bessant, a former hedge fund director, continuously received messages from Wall Street leaders. Many fund managers and financial directors hoped Bessant could persuade Trump to withdraw his tariff policy. Although he previously worked at Soros Fund Management, Bessant is seen as a potential Wall Street ally, but he is not the head of this policy. Instead, he analyzed the impact of various tariffs in White House meetings.
The final policy was ultimately decided by a small group within Trump's inner circle, with many critical decisions only being agreed upon at the last minute. Trump's economic policy is currently creating conflicts with Wall Street, which depends on global trade. Even some Republican legislators have begun warning about the risks of this tariff policy. The "Made in America" economy could put pressure on economies dependent on international trade relations. Despite increasing tensions, Trump's trade policy continues to face divisions and opposition from both inside and outside the power corridors.
This content is purely informational about the market and does not constitute investment advice. Investors should carefully consider before making decisions and closely monitor political developments that may affect assets and cryptocurrency markets.
