Summary

Trump paused his reciprocal tariffs on Wednesday after a surge in bond yields, triggering sharp criticism—even from Fox News.

Fox Business’ Charlie Gasparino said the administration ā€œcapitulatedā€ 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 ā€œwinā€ and announced a 90-day pause on tariffs for most countries—except China, which now faces tariffs up to 125%.

  • gravitas_deficiency@sh.itjust.works
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    17 days ago

    It doesn’t matter if it’s obvious. It’s an ā€œofficial actā€, and the Tribunal of Six has decided that if it’s an ā€œofficial actā€, whatever orangeboi says, goes.

    • FlexibleToast@lemmy.world
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      17 days ago

      Oh, he definitely won’t see any consequences. He just made rich people richer. The rich only see consequences when they take money from other rich people.