Posted on 04/10/2025 4:50:40 AM PDT by karpov
President Trump finally blinked.
It took a week for the plunge in the stock and bond markets—along with a sustained campaign by executives, lawmakers, lobbyists and foreign leaders—to prompt Trump to roll back for 90 days a major element of his sweeping tariff plan.
The president said that the reaction to the tariffs was getting a bit “yippy”—like a nervous athlete unable to perform—and he relied on his instincts to change course as he watched the bond market tank and listened to business leaders including JPMorgan Chase CEO Jamie Dimon express fears of a recession. The episode was classic Trump: He took a drastic action, closely tracked the reaction, kept advisers and allies guessing and then changed course.
In this case, the extraordinary reversal was announced via Trump’s social-media platform just hours after so-called reciprocal tariffs officially went into effect. He tapped out the post in the Oval Office as he sat with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. Trump also significantly raised tariffs on China.
Shortly after Trump published his post, as markets rose, Bessent stood outside the entrance to the West Wing and explained that the move to pause some of the tariffs was discussed Sunday when the two men met. “He and I had a long talk,” Bessent said before a crowd of reporters. “This was his strategy all along.”
Bessent was flooded with worried calls from Wall Street over the weekend and felt strongly he had to persuade Trump that a pause was needed. It wouldn’t be a capitulation, Bessent argued, because they were going to have so many deals.
He revealed little publicly about why the president and his team waited until Wednesday afternoon to enact it, with Trump saying that he decided on the move Wednesday morning.
(Excerpt) Read more at wsj.com ...
The Wall Street Journal ...
Some people don’t know the difference between a wink and a blink.
Propaganda from rag whose globalist ideology is in its death throes.
Blinked? Trump and the US have China right where we want them... between a rock and a hard place.
What a twisted way of looking at this. Trump got exactly what he wanted. He’s now in negotiations, making deals, reducing tariffs around the world that have been harming the US. And he has very effectively isolated China and got other countries to join him in that. Everything is going to be different — and better. Big win for Trump. But ... you know ... I guess he “blinked”.
What a rag, easily as bad as the NYTs or MSNBC.
WS Urinal is the enemy of the people. Treat what they say accordingly.
The WSJ is decidedly TDS.
Yeah
I originally typed “Uniparty Propaganda”
He didn’t blink
Corrective measures.
The WSJ is now even emulating their left wing newspaper colleagues in having multiple people writing a hit piece on Trump.
After surgery Xi reportedly demanded to know the meaning of a word from an ancient Chinese dialect. Know one in the CCP Poliburo knew the origins or meaning of FAFO .
What we have here is a failure to communicate
The WSJ failed to comprehend the process of world trade and tried to place the Trump tariff process in the irrelevant ordinary WSJ shoe box they report every day.
Wall Street Urinal.
The left trying to spin a Trump surrender- is anybody fooled? It is almost comical how they are trying to gain the narrative.
The way I see it. Trump saw the market dropping and issued the 90 delay. He now has time to negotiate with the countries that have been calling him. Trump wins again.
Donald Trump does not “blink” at any time. He is merely negotiating, in his own style.
It is called “getting the other guy to ‘Yes’”. But sometimes it is like watching sausage being made.
Donald Trump has been unusually transparent in how he negotiates, but some folks are still aghast while watching.
Now is not the time to go all wobbly.
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