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 “capitulated” 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 “win” and announced a 90-day pause on tariffs for most countries—except China, which now faces tariffs up to 125%.
Of course he capitulated.
What he’s used to is others buckling when he throws his weight around.
Nobody blinked or bent to his will, and he doesn’t grasp the basic idea of contingency planning for when things don’t go your way.
He has no plans that do not involve someone else bending the knee. He’s not able to plan anything without this component in place.
He didn’t 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 “market manipulation”
That doesn’t mean that a bunch of peoplr weren’t tipped off about the plans in advance, but that’s not why he changed his mind here. He’s both stubborn AND reactive.
he is used to domestic politics, yes.