Trump's comments came after U.S. stock and Treasury prices rose on Monday as traders cheered the new president's choice of Bessant as Treasury secretary, betting the hedge fund manager would bring a Wall Street mindset to the position.
While Bessant has at times suggested Trump was hinting at a maximum-growth negotiating strategy, he said in a Nov. 15 column for Fox News that he strongly supports a trade tax.
Traders overestimated the impact of Bessant's app...