US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

The decline has more to do with the emergence of Chinese AI firm DeepSeek than with Trump’s economic policies, Bessent says.

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https://www.scmp.com/business/markets/article/3305354/us-treasury-chief-bessent-stock-market-drop-mag-7-problem-not-maga-one?utm_source=rss_feed