Summary

Trump paused his reciprocal tariffs on Wednesday after a surge in bond yields, triggering sharp criticismā€”even from Fox News.

Fox Businessā€™ Charlie Gasparino said the administration ā€œcapitulatedā€ due to market pressure, with the 10-year Treasury yield hitting 4.5%.

Japan, not China, reportedly dumped U.S. bonds, worsening financial instability.

Despite no trade deals, Trump tried to claim a ā€œwinā€ and announced a 90-day pause on tariffs for most countriesā€”except China, which now faces tariffs up to 125%.

  • GoofSchmoofer@lemmy.world
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    8 days ago

    History shows us that you can safely assume Trump is lying when he says something will be good for the Amrican people. Full stop.

    FTFY