#MarketRebound #TariffsPause

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

(CNN) -- The unexpected decision by US President Donald Trump to retract his comprehensive tariff plan, announcing a suspension for 3 months, highlights his ability to endure political pain: one week.

On Wednesday, Trump commented on the increasing criticisms that have poured on the White House over 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 fluctuations, his announcement on Wednesday to suspend the long-awaited reciprocal tariffs for 3 months is a stunning reversal from a plan that just a day earlier he seemed to fully support, 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 the days of pressure from his Republican colleagues, businessmen, and even close friends did not move Trump, who insisted last week that "my policies will never change."

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