PANews reported on April 3 that according to Jinshi, U.S. Treasury Secretary Bessant said on Wednesday night local time that the stock market sell-off was more due to the sharp correction of large technology stocks than the protectionist policies of the Trump administration. Bessant said in a TV interview: "I am trying to be a Treasury Secretary, not a market commentator. I would like to point out that the Nasdaq index in particular peaked on DeepSeek Day, so this is a Mag7 (U.S. Stock Giants) problem, not a MAGA problem."