#TariffsPause

A disastrous disaster".. Sources reveal to CNN the reason Trump temporarily halted tariffs

(CNN) -- The surprising decision by U.S. President Donald Trump to withdraw the overall tariff plan, announcing a halt in implementation for 3 months, shows his ability to endure political pain: one week.

Trump said on Wednesday about the growing criticisms directed at the White House over the past week: "They have been shouting, they have been shouting a little, and feeling a little scared".

Even for a president known for political turmoil, his announcement on Wednesday to halt the tariffs that everyone had been anticipating for 3 months was a stunning retreat from a plan that just one day earlier seemed to have his full support, and this happened at a time when his trade representative was testifying before Congress about the benefits of the tariffs, something that he seemed unaware of regarding the decision to halt implementation.

It seems that the days of pressure from Republican colleagues, businessmen, and even his close friends did not sway Trump, who asserted last week that "My policy will never change".

But by Wednesday, it was clear that the campaign to persuade Trump to change his course would not stop, as was clearly evident after a strong sell-off in the U.S. government bond market, which is often seen as a safe haven for investors, that the economic impacts from Trump's strategy could be catastrophic and worse than previously predicted.