Trump pauses most international tariffs, however adjustments nothing for Canada and Mexico

Trump says bond markets didn’t power his hand, however an knowledgeable disagrees

Outdoors the White Home simply now, a reporter requested Trump whether or not it was the unnerving exercise on the bond markets that pushed him to take a break from tariffs.

He mentioned it was not, however admitted he realized individuals have been getting “queasy.”

“No. I used to be watching the bond market. I used to be watching it. However in the event you have a look at it now, it is stunning. The bond market proper now could be stunning. I noticed it final evening, the place individuals have been getting just a little queasy,” he mentioned, earlier than trailing off to revisit the preliminary tariff announcement final week.

One worldwide financial coverage knowledgeable mentioned she thinks the bond markets are precisely what swayed Trump.

“Clearly, President Trump acquired spooked by the markets, regardless that he mentioned he would not, so this reversal is absolutely him reacting to the downgrading of the U.S. market that we began seeing this morning,” Inu Manak, a fellow for commerce coverage on the Council on Overseas Relations, informed CBC Information.

“He acquired scared and reacted. And he is saying he is being versatile, however I do not suppose that is the case.”