After the violent rebound of the US stock market overnight, it stabilized and fell back. The real hero behind this is actually Bessent? In an environment of extreme liquidity drying up and high market tension, US Treasury Secretary Bessent successfully persuaded Trump to soften his stance on tariffs, leaving room for negotiation. On Monday local time, media reports cited informed sources stating that Treasury Secretary Bessent flew to Florida on Sunday for a key meeting with Trump. It was reported that he suggested Trump emphasize reaching a favorable trade agreement for the US through negotiation, otherwise the US stock market may continue to collapse. As a veteran from the hedge fund industry, Bessent knows exactly what Wall Street wants. An informed source directly quoted Bessent's view: “Unless you change your strategy, the market will continue to crash. You don’t need to abandon the policy, but you must talk about negotiation and the ultimate goal.” This marks a potential turning point in Trump's trade war strategy. Previously, the Trump administration had been urging Americans to prepare for a long, painful, and possibly permanent trade war. Bessent became the first known advisor to attempt to persuade the president to adjust his trade rhetoric, although this advice was limited to the manner of expression rather than the policy itself. An informed source described the purpose of the meeting as determining the next steps, as 50 countries had already proactively contacted the US for negotiations following last week's announcement of "reciprocal tariffs." Bessent believes that Trump's tariff plan on April 2 is aimed at creating "maximum leverage" over foreign governments. Trump's Rhetoric Shows Subtle Shift, Opening Door for Negotiation It is unclear whether Bessent's persuasion had an effect, but Trump's rhetoric did show a subtle change on Monday. According to Xinhua News Agency, after meeting with visiting Israeli Prime Minister Netanyahu at the White House on the 7th, Trump told the media that he is currently not considering pausing the tariff policy, as many leaders of economies are seeking to negotiate with him. “We have many countries coming to negotiate with us, and this will be a fair deal,” Trump said, but he later added, “There can be permanent tariffs, and there can be negotiations, because besides tariffs, we need something else.” White House Press Secretary Caroline Levitt told the media, “Some of these tariffs will be permanent, and some may be negotiated.” She added that this does not mean he will “reach an agreement, but it means he is willing to consider an agreement.” On Monday, Bessent announced on platform X that Trump had instructed him and Trade Representative Jamieson Greer to begin negotiations with Japan on tariffs, marking the first country to formally start negotiations with the US. Bessent added that more than 50 countries have responded to Trump's tariffs “openly and positively,” and the US looks forward to “meaningful negotiations” with them in the coming weeks. The market's reaction to this statement is noteworthy. Earlier on Monday, due to reports that Trump was considering delaying tariffs for 90 days, the three major stock indices collectively surged and refreshed their daily highs, with the Nasdaq rebounding about 10% from its intraday low, and the S&P rebounding 8.5% from its daily low. However, after Levitt called this “fake news,” the US stock market turned to decline again However, after Trump expressed a willingness to negotiate, the decline in U.S. stocks did not sharply expand, market sentiment continued to recover, and the Nasdaq, which had fallen for three consecutive days, ended slightly higher. Goldman Sachs believes that the initiation of negotiations signifies a "small progress." The market is extremely fragile, and any positive signal could trigger an explosive reaction Goldman Sachs pointed out in its latest report that the market is in a dangerous state of "record trading volume and zero liquidity." The depth of top orders for S&P electronic mini contracts is only $2 million, a historic low, contrasting sharply with record high trading volumes. Goldman Sachs trader Mike Washington stated, "Market positioning seems very one-sided (short), and any positive news could trigger an explosive reaction (short covering)." Thursday and Friday marked the largest two days of net selling in global stocks on record (since 2010) for Goldman Sachs. This explains the dramatic fluctuations that occurred in the market on Monday. Goldman Sachs believes that in an environment of "record trading volume and zero liquidity," the market is extremely fragile, and any small positive or negative signal could lead to severe volatility. Bessenet is working to provide a potential way out for market recovery, but Trump's final decision will determine the direction of this trade storm. Risk Warning and Disclaimer The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk