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Stocks Reverse Bessent Gains On Report "It May Take Months To Hammer Out Final Trade Deals"
- Marcus Nikos
- Apr 23
- 1 min read
Shortly after the Bessent headlines moved stocks higher, Politco reports, while The White House is closing in on general agreements with Japan and India to stave off massive U.S. tariffs, it “may take months to hammer out the final deals,” said one of the people, conceding, “these things are complicated.”
Worse still, the optimism on the initial Bessent headlines has been erased as his actual comments were far less hopeful:
BESSENT: REBALANCING OF CHINA ECONOMY TOWARDS CONSUMPTION AND U.S. ECONOMY TOWARDS MANUFACTURING IN TWO TO THREE YEARS WOULD BE A 'HUGE WIN' - RTRS
BESSENT SAYS CHINA NEGOTIATIONS WILL BE A 'SLOG', DESCRIBES CURRENT BILATERAL TRADE SITUATION AS AN EMBARGO -PERSON WHO HEARD JP MORGAN SESSION
And just like that all the gains are gone...
