‘They were getting yippy’: How bond market spooked Trump to hit pause button on reciprocal tariffs
[ad_1] US President Donald Trump (Pic credit: AP) After a week of economic chaos and criticism from allies, President Trump abruptly reversed course on his sweeping new tariffs, hitting pause for 90 days. What changed? Not just pressure from businesses or Republicans—Trump was rattled by a bond market in meltdown mode. The sudden surge in Treasury yields, signaling panic instead of the usual “safe haven” behavior, set off alarm bells in the White House.Even treasury secretary Scott Bessent, one of Trump’s key economic voices, warned of the risks. Bond markets aren’t just abstract finance stuff—they fund government programs. When yields spike and buyers vanish, that’s not just Wall Street nerves; it’s a signal that something big could break.Here is all you need to knowQ: What are tariffs, and why did Trump impose them?A: Tariffs are taxes on imported goods, designed […]