Some of Scott Bessent’s economic views are outside the mainstream. But at least he’s qualified.

Some of Scott Bessent’s economic views are outside the mainstream. But at least he’s qualified.

The president-elect cares about financial markets, our columnist says. That gives investors a restraint on his decisions, even if it’s a tenuous one.

The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.