Treasury Secretary Scott Bessent says he's 'not at all' worried amid stock market sell-off
Treasury Secretary Scott Bessent said he was "not at all" worried about the stock market, which has dipped multiple times amid Trump's tariff threats.
WASHINGTON — Treasury Secretary Scott Bessent said Sunday that he was “not at all” worried about the stock market, which has dipped multiple times amid President Donald Trump’s tariff threats.
“I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal. What’s not healthy is straight up,” Bessent said during an interview on NBC News’ “Meet the Press.”
"You get these euphoric markets. That's how you get a financial crisis," he added.
Major stock indexes have have seen drops in recent weeks amid Trump’s tariff threats. CNBC previously reported that the S&P 500’s value had decreased by about $5 trillion in three weeks.
Trump has vacillated on tariffs against Canada and Mexico, two of the United States’ closest trading partners, while threatening steep tariffs on other U.S. allies like the European Union. The president has also implemented sweeping tariffs on aluminum and steel. Bessent also confirmed that Trump’s “reciprocal” tariffs on other countries will begin on April 2.
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