#TariffsPause #TariffsPause
"Fearing a disaster... Sources reveal to CNN the reason behind Trump's temporary suspension of his tariffs"
(CNN) -- President Donald Trump's surprising decision to backtrack on his comprehensive tariff plan by announcing a suspension for three months reveals his ability to endure political pain: one week.
On Wednesday, Trump commented on the escalating criticisms directed at the White House over the past week: "They were shouting, they were shouting a little, and they felt a little fear."
And even for a president known for his political volatility, his announcement on Wednesday to pause the long-awaited reciprocal tariffs for three months represents a stunning retreat from a plan he appeared to fully support just one day earlier, and 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 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 persuade Trump to change course would not quiet down as it became evident, following a sharp sell-off in the U.S. government bond markets, which are typically a safe haven for investors, that the economic fallout from Trump's strategy could be catastrophic and worse.