Summary
Trump paused his reciprocal tariffs on Wednesday after a surge in bond yields, triggering sharp criticism—even from Fox News.
Fox Business’ Charlie Gasparino said the administration “capitulated” 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 “win” and announced a 90-day pause on tariffs for most countries—except China, which now faces tariffs up to 125%.
Japan has figured out how to play trump. Be nice to his face and feed his ego, then go hard against him with actual policy. He doesn’t really understand the policy outside of it being a grift for temporary gains and is a nightmare to deal with behind closed doors with his ego and diminished capacity.