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Blame DeepSeek for Market Collapse, Not Tariffs, Bessent Says [1]
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Date: 2025-04-05
It’s… SPIN TIME! Bessent is now claiming that the market collapse ISN’T due to Tariffs, it’s due to… wait for it… DEEPSEEK.
The US market may have dropped sharply last week, but for US Treasury Secretary Scott Bessent, Trump's tariff policies aren't necessarily to blame. “For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek,” Bessent said in an interview with Tucker Carlson posted on Friday.
www.bbc.com/...
Cue the FolksyNews Banjo players as they use this talking point to shift blame from the Rump to Big Bad China, convincing those that Tariffs will hurt most that it’s really not their dear leader’s fault, so they should keep supporting every one of his big brain decisions.
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[1] Url:
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