- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
MSNBC host Stephanie Ruhle reported Treasury Secretary Scott Bessent may seek to exit the Trump administration after becoming the face of Trump’s sweeping tariff rollout, which triggered a market plunge.
Bessent, a wealthy hedge fund veteran, reportedly opposes Trump’s “absurd tariff math” and has lost influence in the inner circle.
While Bessent urged restraint, China retaliated with a 34% tariff, worsening the selloff.
Ruhle noted investor support for the tariffs is virtually nonexistent, calling the economic strategy damaging and politically driven.
It’s been like 2 days 😭
Look at the bright side. It’s only 577 days until the midterm elections when we can try and do something to change things in D.C.
…I need a drink but I don’t think I can afford one right now.
Yeah… Just wait for Monday, when everyone will have had time to look through what this really means for them and for the markets