Trump Hits Pause on Tariffs Amid Fears of Bond Market Catastrophe
President Donald Trump reversed his tariffs plan after fears of a potential bond market catastrophe convinced him to impose a three-month pause, revealing his threshold for political pain was just one week.
President Donald Trump's sudden decision to reverse his sweeping tariff plan and impose a three-month pause was reportedly triggered by fears of a potential bond market catastrophe, which made him realize the political costs of continuing with the policy. The brief window in which he decided to act suggests that Trump had a low threshold for tolerating pain from his policies. This pause is seen as an admission of the consequences of his tariffs on the economy and the markets. It marks a significant shift in Trump's stance on trade policies.
