President Donald Trump has placed a 90 -day break on his radical prices plan, and it seems that it was caused by market collapse and growing calls to find an “out of ramp”.
Shortly after the break on the break on Wednesday, Trump spoke to journalists outside the White House.
“I thought people jumped a little,” he said. “They became a little Yippy, a little afraid.”
He also talked about the tumult on the bond market on Tuesday evening.
“The bond market is very delicate, I looked at it. But if you look at it now, it’s beautiful,” he said. “The bond market at the moment is magnificent. I saw last night when people became a little uncomfortable.”
Maga Loyalists, however, argue that reversal has been part of its strategy from the start.
“President Trump created a maximum negotiation lever effect for himself,” said Treasury Secretary Scott Bessent on Wednesday after Trump’s announcement on Wednesday. “It was his strategy from the start.”
Stephen Miller, a Trump’s main advisor, wrote on X: “You have looked at the greatest economic master’s strategy of an American president in history.”
The white house press secretary Karoline Leavitt suggested that everything was part of a wider program to target China. “Many of you in the media have clearly missed the art of the agreement. You have clearly not seen what President Trump does here,” she told journalists on Wednesday, adding that the prices brought the “whole world” of the United States, not to China as some had feared. “And that’s exactly why more than 75 countries have called,” she said.
The Billion Ackman’s Billionaire Hair Fund manager, an ally of Trump who had recently criticized the extent of the prices, the break applauded. “It was brilliantly executed by @realdonaldtrump. Manuel, Art of the Deal,” he wrote on X.
So, was it a masterful gambit or an impulsive decision caused by external pressures? In the end, this may not have any importance: Thursday morning, the markets tank again.
businessinsider
