Scott Beesen, Minister of Treasury, who forms the Trump trade war

At the cabinet meeting on Thursday, when American stock indicators showed new signs of distress in Donald Trump’s trade policies, the President turned into Scott Payette to update the markets.

“I do not do … Watch anything unusual today,” the Treasury Secretary answered, in an attempt to provide some comfort by referring to low inflation numbers, the decline in oil prices, the American bond that was well received, and the expected positive result of the talks to defuse tensions with the partners of the big merchants in America.

“We will finish in a great certainty over the next ninety days on the definitions,” Waad.

This thinking may be by wishing for the 62 -year -old former hedge fund manager from South Carolina.

The treasury trustees before him faced seizures of serious economic and financial troubles, from Tim Gaiter and Hank Bolson during the financial crisis to Stephen Manuchin and Janet Yellen at the height of the epidemic. But Bessent is accused of managing the shock repercussions offered by the president, who is working by the president, after Trump imposed comprehensive duties of 10 percent on a wide range of goods imported from all over the world, high tariffs on many major commercial partners and increasing fees on China.

While Trump suddenly retreated some of his plans this week in response to investor pressure, US asset prices continued to suffer. The Bassini risks have become known as the presidency not only America’s separation from the global economy, but in terms of the same to the American markets, which can expose the dollar status as a backup currency in the world.

“We may go to a serious financial crisis caused by the entire US government tariff policy,” wrote Lawrence Samarz, the former US Treasury Secretary, on X earlier this week.

However, Bessent has emerged as a potential Savior, the oldest senior official between Trump and a full global trade war, in a management management with militants. After meeting with Trump in Florida last Sunday, the US President opened the door for talks with Japan and South Korea, and set a responsibility. Bessent was also in the Oval Office on Wednesday when Trump announced a 90 -day stand in the harshest definitions, with the exception of China.

“He is the ideal person who restores President Trump’s agenda to the path, so that we do not step the economy or financial markets,” says Michael Oliver Winberg, Professor of Finance and Economy at the University of Colombia. “Some people in administration are not aware of the economy, markets, lashes and bust, while Scott is.”

Bessin was born in 1962 in Conway, near the coastal city of Mertel Beach, South Carolina. His father was a real estate investor and helped his mother manage the family business.

At Yale University, he obtained a certificate in political science before developing a passion for financing: his first great break came in the early 1990s when he joined the management of Soros funds, run by the liberal investor billionaire George Soros. From the London office, he played a major role in the profitable group betting against the pound.

“Scott was the person on Earth in London, where he truly presented the economic basis, the logical basis and thesis for the reason Britain had to get out of the exchange rate mechanism,” Winberg said. In a second period working with Soros, Bessent led another successful bet – this time against the Japanese yen.

In 2011, he married John Freeman, former Prosecutor of New York: They have two children and recently sold their historic pink palace with millions of dollars in Charleston, South Carolina. “If you had told me in 1984, when we graduated, and people were dying from AIDS, and after 30 years, I was legally married and we had two children across the alternative mother, I wouldn’t have believed you,” he told Yale Graduates Magazine in 2015.

In 2015, Bessant Soros left for Key Square Group, his hedge box. This step coincided with his increasing support for Trump’s political aspirations. Trump’s installation of 2017 donated and became a major donor in the campaign in 2024 – embraced the degree of tax cuts and the abolition of restrictions. “He always had money.” “He lived well – private planes, beautiful houses.”

After Trump’s second victory, Pesin’s hero was to become Treasury Secretary Stephen Bannon, a political strategic expert. Bannon wrote in a text message to FT: “He is the man.” Bannon added: “The warrant” of the war room “for two years – Maga loves him,” referring to the podcast that he is hosting now.

Bessent did not have an easy journey in the first few months in his position. Trump cost him to secure a deal with Ukraine to secure access to its minerals and natural resources. Not signed yet. The S& P 500 index has decreased by 13 percent since the oath has been sworn, and the return of the treasury bonds has increased for 10 years, which is the market index that it watches close, slightly despite the sales-which indicates that investors lose their confidence in its safe position. Democrats attacked him as the miserable and isolated. “We need the treasury minister, which is located in the real world,” said Elizabeth Warren this week.

The jury is still out of whether Bessnt will be able to form the Trump’s trade war in a way that will be palatable to markets, economics and foreign governments. “He has always been a very special person, working in small teams … under the radar,” said the financier who knows him. “Now, suddenly is this prominent general number in the center of absolute chaos.”

Additional reports by Miles McCramek

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