Inside Trump’s Reversal on Tariffs

New York Times: “The economic turmoil, particularly a rapid rise in government bond yields, caused Mr. Trump to blink on Wednesday afternoon and pause his ‘reciprocal’ tariffs for most countries for the next 90 days.”

“Behind the scenes, senior members of Mr. Trump’s team had feared a financial panic that could spiral out of control and potentially devastate the economy.”

“After his reversal on social media, Mr. Trump’s team was put in the unenviable position of trying to spin the media that this was the plan all along, a brilliant strategy straight out of the pages of the president’s best-selling book, The Art of the Deal.”

CNN: How fears of a bond market catastrophe convinced Trump to hit the pause button.

NOTUS: How Trump went from “not looking” at a tariff pause to celebrating one in just days.