#TariffsPause President Donald Trump denied that a strong bond market sell-off influenced his decision earlier this month to hold off on aggressive "reciprocal" tariffs against U.S. trading partners.

"I wasn't worried," Trump said in a Time magazine interview during which he was asked about financial market tumult after his April 2 "Liberation Day" announcement.

In the decree, Trump slapped 10% across-the-board duties against all U.S. imports and released a list of tariffs against dozens of other nations. The extra levies were based on trade deficits the U.S. had against the respective countries and raised fears about inflation, a potential recession and disruption of long-held trade agreements.

Markets recoiled following the release. Treasury yields initially headed lower but quickly snapped higher. The 10-year yield rose half a percentage point in just a few days, one of its quickest moves ever, as investors also ditched stocks and the U.S. dollar.

Ultimately, Trump issued a 90-day stay on the reciprocal tariffs to allow time for negotiation. But he said it wasn't because of the market tumult