Key Takeaways:Trump and Bessant adopt a “good cop, bad cop” approach to market signalingTrump’s remarks on Section 899, US-Japan tariffs, and Powell’s dismissal caused volatilityBessant counters with market-calming statements and policy reassurancesCITIC Securities calls this coordinated narrative the “TACO transaction”Bessant seen as the market mouthpiece of the Trump administrationAccording to a research report by CITIC Securities, U. S. President Donald Trump and Treasury Secretary Bessant are employing a deliberate “TACO deal” strategy—a market-influencing tactic rooted in the classic “good cop, bad cop” dynamic. The report highlights how Trump’s market-disruptive remarks—including comments on Section 899, the U
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