Outside the White House, Treasury Secretary nominee Scott Bessent couldn’t hide his admiration.
“We saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate,” Bessent told the reporters.
“It took great courage for him to stay the course until this moment. And what we have ended up with here, as I told everyone a week ago, in this very spot, do not retaliate and you will be rewarded. So every country in the world who wants to come and negotiate, we are willing to hear you. We’re going to go down to a 10% baseline tariff for them, and China will be raised to 125 due to their insistence on escalation.”
The markets exploded on the news, with the Dow surging 2,963 points (7.87%), the S&P 500 rocketing 9.52% (third-largest one-day gain since World War II), and the Nasdaq soaring 12.16% (largest one-day rise since January 2001 and the second-best performance in its history).
This comes after Trump paused the tariffs and advised everyone to buy the dip, stating, “THIS IS A GREAT TIME TO BUY!!! DJT.”
