Scott Bessent Convinced Trump to Back Down on Tariffs

Wall Street Journal: “Bessent was flooded with worried calls from Wall Street over the weekend and felt strongly he had to persuade Trump that a pause was needed. It wouldn’t be a capitulation, Bessent argued, because they were going to have so many deals.”

“One key to the change: Trump’s decision to give Bessent more authority within his team of trade advisers.”