President Trump’s decision to halt his reciprocal tariffs for most countries for 90 days has caused speculation and analysis from various news outlets. The New York Times reported that the economic turmoil, particularly the rise in government bond yields, led to Trump’s reversal. Behind the scenes, senior members of his team feared a financial panic that could devastate the economy, prompting the pause in tariffs. CNN highlighted how fears of a bond market catastrophe influenced Trump’s decision.
The Wall Street Journal pointed out the stock market meltdown and rise in bond yields that may have led to Trump’s temporary tariff pause. Ben Thompson criticized Trump’s tariffs, stating they could destroy demand and inhibit alternative supply development. Additionally, The Atlantic mentioned concerns that Trump’s tariff strategy may backfire.
Despite reports of Trump’s team attributing the tariff pause to a well-planned strategy, media outlets like NOTUS and Playbook questioned the sudden shift in policy. JPMorgan expressed uncertainty about the prospect of a recession, while Paul Krugman warned of the negative effects of Trump’s tariff policies.
The European Union’s decision to pause retaliatory tariffs on U.S. imports for 90 days was seen as a response to Trump’s actions, with the U.S.-China trade war escalating tensions. The Wall Street Journal reported on Trump’s strategy to pressure China into a deal through tariffs.
The situation has created an uncertain economic landscape, prompting concerns from experts like Janet Yellen about the possibility of a recession. Former Federal Reserve chair Yellen criticized Trump’s tariff policies and their potential impact on households. Meanwhile, critics like Jonathan Last and Robert F. Kennedy Jr. raised alarms about the riskiness of America’s business environment following Trump’s tariff decisions.
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