Scott Bessent helped deliver Britain’s Black Wednesday in 1992, now he has just presided over America’s own Black Wednesday. People will one day write musicals about him. But for now he is the diminished Treasury Secretary of a discredited administration
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Aaron Rupar
REPORTER: Can you explain more of the decision making on what feels like a reversal here?
BESSENT: No
BESSENT: No
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Don't buy the spin that Trump's spectacular U-turn on tariffs was part of a plan. It was pure surrender, inflicted by China. Nothing will be the same from here on, because now we know Trump wilts when the heat is turned up. https://www.jandehn.com/post/the-art-of-capitulation