PANews reported on April 3rd that according to Jinshi, U.S. Treasury Secretary Bessent stated on Wednesday evening local time that the stock market sell-off was more due to a significant pullback in large tech stocks, rather than the Trump administration's protectionist policies. Bessent said in a television interview: "I am trying to be a Treasury Secretary, not a market commentator. What I want to point out is that the Nasdaq index reached its peak on DeepSeek day, so this is a Mag7 (seven major U.S. stocks) issue, not a MAGA issue."
