#TariffsPause Fear of a catastrophe".. Sources reveal to CNN the reason why Trump suspended his tariffs "temporarily"
(CNN) -- The surprising decision of U.S. President Donald Trump to backtrack on his comprehensive tariff plan, announcing its suspension for 3 months, revealed his capacity to endure political pain: one week.
Trump said on Wednesday, regarding the growing criticisms that rained down on the White House over the past week: "They were shouting, they were shouting a little, and they felt a little scared".
Even for a president known for his political ups and downs, his announcement on Wednesday of the suspension of the highly anticipated reciprocal tariffs for 3 months is an astonishing retreat from a plan that seemed, just a day earlier, to be fully supported, and this happened at the moment when his trade representative was testifying on Capitol Hill about the benefits of the tariffs, which seemed to show that he ignored the decision of the suspension.
It appears that the days of pressure from his Republican colleagues, businessmen, and even close friends did not sway Trump, who insisted last week that "my policies will never change".
But by Wednesday, it was clear that the campaign to convince Trump to change course would not calm down, as demonstrated after a strong wave of selling in the U.S. government bond markets, which are generally a safe haven for investors, that the economic repercussions of Trump’s strategy could be catastrophic and worse than expected $.