Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’

Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’ President Trump's tariff announcement wiped $1.5 trillion from U.S. equity markets after hours. Chip Somodevilla—Getty Images