"Fearing a disaster... Sources reveal to CNN the reason behind Trump's temporary suspension of tariffs"
(CNN) -- The surprising decision by U.S. President Donald Trump to roll back his comprehensive tariff plan, announcing a halt for 3 months, revealed the extent of his ability to bear political pain: one week.
On Wednesday, Trump commented on the increasing criticism that poured over the White House during the past week: "They were screaming, they were screaming a little, and they felt a little scared."
Even for a president known for his political flip-flops, his announcement on Wednesday to suspend the long-awaited reciprocal tariffs for 3 months is a stunning reversal from a plan he appeared to fully support just one day prior. This came at a time when his trade representative was testifying on Capitol Hill about the benefits of tariffs, seemingly unaware of the suspension decision.
It seems that days of pressure from his fellow Republicans, 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 persuade Trump to change his course would not ease, as evidenced 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.