US Treasury Secretary Suggests Stock Market Decline Due to DeepSeek induced sell-off, unrelated to Trump

According to BlockBeats, on Wednesday evening local time on April 3rd, US Treasury Secretary Vicente stated 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 striving to become the Secretary of the Treasury, not a market commentator. What I want to point out is that, especially with the Nasdaq index reaching its peak on DeepSeek Day, this is a Mag7 issue, not a MAGA issue