Politico: Wall Street has no supporters in Trump's second term

The US Treasury Secretary's calm response to the recent turmoil in financial markets indicates that he does not want to hinder Donald Trump's aggressive economic policies.

“Some on Wall Street expected Treasury Secretary Scott Besant to play a moderating role, while he has been supporting Trump’s aggressive trade policies.”

Referring to Besant’s increasingly supportive approach to Trump’s tariff war amid financial market turmoil, the columnist noted: “Besant has quickly become one of the Trump administration’s most vocal advocates for the destabilizing global trade and financial markets. Calling for a gradual elimination of new trade barriers at the time, he has become a cornerstone of Trump’s agenda under the slogan, “Let’s Make America Great Again.”

The article states: “Last week, responding to a sharp decline in financial markets, Besant declared in a televised speech that the United States should be “treated with poison” when it comes to government spending.” He also emphasized that he was not particularly concerned about the economic impact of tariffs on market volatility. According to Politico, this was not the response that many on Wall Street were expecting from the US Treasury Secretary.