TechFlow news — On April 6, according to Bloomberg, after U.S. President Trump announced sweeping tariff measures on April 2, markets were thrown into severe turmoil. Treasury Secretary Scott Bessent subsequently received multiple messages from hedge fund managers and financial executives seeking his help to explain to the president that excessive tariffs would harm the economy and continue disrupting markets.
As former chief investment officer of Soros Fund Management, Bessent is seen by Wall Street as a potential ally who could influence the president's decisions on tariff policy. The strong reaction from the financial community following this tariff announcement highlights growing market concerns over Trump's trade policies.
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