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%.
While this article says Fox News is claiming he capitulated, they also had Ingraham and Hannity praising him for his brilliant financial/ economic brinkanship.
Why is Fox News playing both sides, or are they? Why float both ideas, that he capitulated, and that heās a genius?
Because if people are discussing which is true, or even FoxNewsā dissonance, they arenāt focusing on the really important TRUTH - that this was ANOTHER obvious case of market manipulation, the third monthly case since his Inauguration.
The next time he does it (and there will be a next time), we should just describe it as HitlerPig āhaving his monthly tariff period.ā