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US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

The decline has more to do with the emergence of Chinese AI firm DeepSeek than with Trump’s economic policies, Bessent says.

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Apr 5, 2025 - 04:15
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US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one
The decline has more to do with the emergence of Chinese AI firm DeepSeek than with Trump’s economic policies, Bessent says.
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