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%.
Japan has figured out how to play trump. Be nice to his face and feed his ego, then go hard against him with actual policy. He doesnāt really understand the policy outside of it being a grift for temporary gains and is a nightmare to deal with behind closed doors with his ego and diminished capacity.