On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda.

The president’s team has received a flood of calls from business executives concerned about the mixed messaging on tariffs.

Key Takeaways Treasury Secretary Scott Bessent said the administration's goal was to have a "smooth transition" to an economy with less federal spending.Last week, Bessent stoked fears of a recession by warning of a period of "detox" from high government spending as Trump slashed programs and workers.