Donald Trump caved on this.

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%.

  • gravitas_deficiency@sh.itjust.worksEnglish
    3·
    9 days ago

    I… really don’t think that’s what happened.

    It was brazen market manipulation.

    That’s a real thing. That happened hours before orangeboi reversed the tariffs. This is a pump-and-dump using the entire fucking US economy.

    Honestly, the lack of full scope context and complete failure of imagination from pretty much all of the fucking media is kinda crushing any fragment of hope I had that this was gonna be the beginning of the end for orangeboi.

    • supersquirrel@sopuli.xyz
      0·
      9 days ago

      This is a great example of why blind centrism always leads to fascism, centrists are always convinced the consequences have finally come for fascists when it is literally the next step in the fascists plan.

      • freely1333@reddthat.comEnglish
        1·
        9 days ago

        Also:

        Still have China stuff. They’ll likely make a deal but we will still have huge “per package” duties that will stay up. This means business can buy from China but it isn’t cost effective for individuals to. The goal is to go back to pre internet where the wealthy could get between you and SHEIN and scalp Chinese labor.

        Also I see a lot of dems and what not highly focused on tariffs with this “gotcha” mentality and not so many dems talking about the people getting disappeared off the streets or having their green cards revoked or the talk of disappearing us citizens.

        • pathos@lemmy.world
          1·
          9 days ago

          There is yet another dimension to this apparently: China has implemented new regulations regarding the export of their rare earth materials. Basically all high tech materials need these and the US has no alternative for some of these as China holds the de facto monopoly.

          • exixx@lemmy.world
            1·
            9 days ago

            This is the key. China doesn’t care, they have the US’s balls in a vise and will squeeze. Trump has already lost and just doesn’t know it yet.

    • FlexibleToast@lemmy.worldEnglish
      0·
      9 days ago

      I was wondering if that’s what he was doing. Is there a word for the reverse of a pump and dump? It seemed almost too obvious.

  • gamer@lemm.ee
    1·
    9 days ago

    If tariffs make you masculine, does this mean Trump is now a trans woman?

  • barneypiccolo@lemm.eeEnglish
    1·
    9 days ago

    While this article says Fox News is claiming he capitulated, they also had Ingraham and Hannity praising him for his brilliant financial/ economic brinkanship.

    Why is Fox News playing both sides, or are they? Why float both ideas, that he capitulated, and that he’s a genius?

    Because if people are discussing which is true, or even FoxNews’ dissonance, they aren’t focusing on the really important TRUTH - that this was ANOTHER obvious case of market manipulation, the third monthly case since his Inauguration.

    The next time he does it (and there will be a next time), we should just describe it as HitlerPig “having his monthly tariff period.”

  • Jaysyn@lemmy.world
    0·
    9 days ago

    He’s a grifter. This was always going to be a vehicle for market manipulation. You don’t “make deals” if you actually want companies to build new factories in your country.

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

    It’s always going to be a con or straight up lie.