Treasury Secretary Scott Bessent denies that tariff pause is due to market declines

Treasury Secretary Scott Bessent denied the president's move to implement a pause on his tariffs was the result of declines in the financial markets, which have been causing great concern for investors.

The comments came after the president issued a pause Wednesday for 75 different countries, which, according to the Trump administration, have shown a willingness to negotiate trade deals in good faith with the United States. Simultaneously, the Trump administration increased its tariff rates on Chinese goods to 125%...