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%.
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.