#TariffsPause #TariffsPause
"Fearing a disaster".. Sources reveal to CNN the reason for Trump's temporary suspension of tariffs
(CNN) -- The unexpected decision by U.S. President Donald Trump to withdraw from his comprehensive tariff plan, by announcing a three-month suspension, revealed his ability to withstand political pain: one week.
On Wednesday, Trump said about the increasing criticisms that poured onto 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 three months is a stunning reversal from a plan he seemed to fully endorse just a 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 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 was clear that the campaign to persuade Trump to change his course would not calm down, as evidenced by a sharp sell-off in the U.S. government bond markets, which are usually a safe haven for investors, highlighting the economic repercussions of Trump's strategy.