Summary
Trump paused his reciprocal tariffs on Wednesday after a surge in bond yields, triggering sharp criticismāeven from Fox News.
Fox Businessā Charlie Gasparino said the administration ācapitulatedā due to market pressure, with the 10-year Treasury yield hitting 4.5%.
Japan, not China, reportedly dumped U.S. bonds, worsening financial instability.
Despite no trade deals, Trump tried to claim a āwinā and announced a 90-day pause on tariffs for most countriesāexcept China, which now faces tariffs up to 125%.
Of course he capitulated.
What heās used to is others buckling when he throws his weight around.
Nobody blinked or bent to his will, and he doesnāt grasp the basic idea of contingency planning for when things donāt go your way.
He has no plans that do not involve someone else bending the knee. Heās not able to plan anything without this component in place.
He didnāt drop the ludicrous tariffs on China. This is going to get worse again and fast.
He found a suitable outgroup to vilify. Fascism 101.
Nah, he capitulated to show the Libs how the Art of the Deal is done. /s
This is also much, much more likely as an explanation than pre-planned āmarket manipulationā
That doesnāt mean that a bunch of peoplr werenāt tipped off about the plans in advance, but thatās not why he changed his mind here. Heās both stubborn AND reactive.
he is used to domestic politics, yes.