President Donald Trump showed signs of yielding to economic pressures, specifically the unsettling bond market, by pausing his global trade war for 90 days. Although he downplayed concerns about recession or stock market drops, the potential for a financial crisis reminiscent of 2008 raised alarms. This retreat indicates that while he may navigate other economic challenges, the risk of severe market instability is a deterrent for his trade strategies, placing his tariffs against countries outside of China on hold for now, in light of investor anxiety.
A stock-market swoon, or even a recession, might not frighten him, but the prospect of a 2008-style meltdown apparently still does.
Trump announced a 90-day pause on his 'reciprocal tariffs' against all countries other than China, retreated due to troubling developments in the bond market.
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