Posted on 04/09/2025 3:36:03 PM PDT by Angelino97
President Donald Trump was forced to backtrack on his sweeping tariff plans because of a 'fire sale' in the bond market which could have triggered economic meltdown.
Alongside causing turmoil in the stock market, Trump's sweeping tariff plans sparked a major US government bonds sell-off, the likes of which had not been seen since the depths of the Covid-19 crisis.
Experts are saying that it was this, rather than simply the 'art of the deal,' which caused the White House to backtrack on its tariff proposals.
On Wednesday, the President announced a 90-day pause on all new 'reciprocal' tariffs, in a major reversal which caused one of the biggest stock market rallies in history.
He did not spare China, however, instead slapping Beijing with yet another round of import taxes.
Fox Business senior correspondent Charlie Gasparino said the bond market crash forced Trump to 'capitulate' on his plans.
Speaking on Fox Business, Gasparino said: 'Let's be clear what happened. Who capitulated here and why? I don't want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all my sources.
'And the reason why is because of the bond market. When you have yields on the 10-year rising to 5 percent, stuff starts shutting down. When you have the lending markets screwed up.'
(Excerpt) Read more at dailymail.co.uk ...
Opponents: Trump surrendered.
Cynics: Pump & dump.
Probably had nothing to do with all the countries (70+) backing off of their tariffs....
It is Art of the Deal
China is playing bad cop, Trump good cop. It’s a rope-a-dope of deep state Europe.
Europe may st choose between US and China, and after that, US and China “make up” with a deal.
4d Chess or 3d Checkers?
Wonder what he will wake up and do tomorrow?
Wal-mart, Target, and the other china crap peddlers will make their 2am call to Trump’s Cell?
Whatever happened to that China spy app, TikTok? Is it still reeling in Billions?
Not that I could do any better, just wondering like the others on the fringe.
We must be winning....the haters are coming out in force
Just watching the left vs the right on this one issue, it really seems that this Nation is doomed. There is ZERO middle ground on even NON morality issues.
Jesus, please come quickly...
There’s no “meltdown” of any kind that I can see.
Stock market fell by 20% in 2022 under Biden, didn’t see legacy media screaming about “meltdowns”.
Daily Mail and very long neck, two red flags.
You can’t reach “middle ground” with far left lunatics.
No. Trump wants to take China down. It’s the opposite. He wants to keep the EU from doung a deal with China. Trump hasn’t forgotten Covid and their hand in stealing the election.
forced to backtrack? who are these morons? big business negotiators do this same maneuver EVERY STINKIN’ DAY OF THEIR LIVES while stupid and moronic reporters have no clue about what is really going on. the old saying goes “there are three kinds of people...those who make things happen, those who watch things happen and those who wonder what happened”. pretty obvious where this reporterette falls.
When did you earn your first billion?
hes talking about a meltdown in the bond market. it started to act in a very non typical fashion, it was totally unexpected. it may have been china dumping bonds. its like the one and only bullet that have in the gun.
“a ‘fire sale’ in the bond market”
There’s about five trillion reasons why that happened.
Tariffs put money in the Treasury and make Treasury bonds a safer investment.
Gamesmanship is a part of negotiations.
“He wants to keep the EU from doing a deal with China.”
We need to be able to fend for ourselves.
What the EU and China can do would get me moderated.
Daily Mail. Not news. Not true.
What I think Trump is doing is to put all the pressure on what might be the hardest nut to crack - China.
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