Trump and officials in his administration were fielding calls from worried allies, and his advisers presented him with worrying data about the bond markets.

Summary

Trump abruptly reversed his tariff policy just one week after declaring “Liberation Day,” caving to pressure from panicked GOP lawmakers, advisers, and plummeting markets.

His erratic decision-making wiped out trillions in market value and triggered a $104,000 loss in average retirement accounts.

While suspending most tariffs for 90 days, he escalated the trade war with China.

The chaos exposed deep rifts in his administration and highlighted Trump’s impulsive leadership style, driven by ego and optics rather than strategy. Critics called the episode reckless and destabilizing for the global economy.