After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

  • noride@lemm.ee
    18·
    3 days ago

    People calling this plain ole market manipulation are missing the forrest for the trees. The bond market tells the tale, there was a concerted effort to bleed US bonds and drive the price down, which is why Trump blinked. None of his tax plans can come to fruition if no one will buy US debt, they were just too stupid and shortsighted to see this coming, hence the reversal.

    Next time I’m not sure we will get so lucky. For the next “90 days”, Peter Navarro and morons like him will be downplaying the selloff to Trump, which will embolden him to ride it out no matter what happens.