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‘Blame China’s AI, not Trump’: US Treasury Secretary claims DeepSeek responsible for tanking stock market, not tariffs
(www.wionews.com)
this post was submitted on 05 Apr 2025
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Yeah it may really be that simple. I keep swinging back and forth between “they’re all just really dumb” to “they’re reckless and there are some threads of cohesion to their actions” and it doesn’t seem to resolve much, so I guess I should default to them being idiots.
I just feel like at least a couple of them like Bessent and Lutnik, being Wall Street people, must understand at least the basics and so therefore there’s some cynical plan here as opposed to them thinking any of this is a valid economic strategy. But that cynical plan could be as simple as insider trading, which would be nothing new I guess.