#TariffsPause

"Fearing a catastrophe".. Sources reveal to CNN the reason behind Trump's temporary suspension of tariffs

(CNN) -- President Donald Trump's surprising decision to backtrack on his comprehensive tariff plan, by announcing a suspension for 3 months, revealed how much political pain he can endure: one week.

On Wednesday, Trump commented on the increasing criticisms that have been directed at the White House over the past week: "They were screaming, they were screaming a little, and feeling a bit of fear".

Even for a president known for his political fluctuations, his announcement on Wednesday to suspend the long-awaited reciprocal tariffs for 3 months is a remarkable retreat from a plan he seemed to fully support just a day earlier, and this came at a time when his trade representative was testifying on Capitol Hill about the benefits of the tariffs, seemingly unaware of the suspension decision.

It seems that 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".

However, by Wednesday, it became clear that the campaign to persuade Trump to change his course would not calm down, as it turned out, after a sharp sell-off in U.S. government bond markets, which are usually a safe haven for investors, that the economic repercussions of Trump's strategy could be catastrophic and worse than expected.