Bessent Faces Credibility Test in Quest to Tame Markets
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
Last updated: 2026-08-26 12:35:06 ET
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
The president is using US dominance to challenge allies and enemies alike - but both Canada and Iran have found ways to fight back.
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“It’s a big setback,” one analyst said, noting that other countries unhappy with the president’s trade deals are probably watching closely.
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