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.works
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    17 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.

  • MushuChupacabra@lemmy.world
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    17 days ago

    Of course he capitulated.

    What he’s used to is others buckling when he throws his weight around.

    Nobody blinked or bent to his will, and he doesn’t grasp the basic idea of contingency planning for when things don’t go your way.

    He has no plans that do not involve someone else bending the knee. He’s not able to plan anything without this component in place.

    • Tm12@lemmy.ca
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      17 days ago

      Nah, he capitulated to show the Libs how the Art of the Deal is done. /s

    • ripcord@lemmy.world
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      16 days ago

      This is also much, much more likely as an explanation than pre-planned “market manipulation”

      That doesn’t mean that a bunch of peoplr weren’t tipped off about the plans in advance, but that’s not why he changed his mind here. He’s both stubborn AND reactive.

    • Ensign_Crab@lemmy.world
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      16 days ago

      What he’s used to is others buckling when he throws his weight around.

      he is used to domestic politics, yes.

  • Geetnerd@lemmy.world
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    17 days ago

    No, he didn’t.

    He inentionally cratered stock prices, told everyone rich to buy, then “capitulated” the next day to cause stock prices to surge.

    This is called “Market Manipulation.” It’s supposed to be illegal, and it is for peasants. But not for him, or Musk, or…

    • barneypiccolo@lemm.ee
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      16 days ago

      I predicted this perfectly from the beginning, and you want to know how I knew it?

      Because this is the third time he’s done the exact same thing. He’s done it every month since his Inauguration. It’s like his own personal menstrual cycle.

      People seem to forget that we’ve already been through this twice, and yet we’re surprised by this. And he’s going to do it again, too. This time he did a 90 day pause, so maybe he feels like this one got a bit overheated, and needs extra time to cool down before reheating it. Or maybe not, you never can tell with this psychopath. The only thing you can count on is that hes going to pull another con soon.

      If we can’t have a collective memory of HitlerPig’s treason and criminality longer than a month, we are never going to be able to build enough outrage momentum to crush the MAGA scourge.

  • Jaysyn@lemmy.world
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    16 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.

    • GoofSchmoofer@lemmy.world
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      16 days ago

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

      FTFY

  • adarza@lemmy.ca
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    17 days ago

    no. he did not.

    he and his comrades are gaming the market. nothing more. nothing less. he has no intention of leaving economy destroying tariffs in place.

  • barneypiccolo@lemm.ee
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    16 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.”

  • gamer@lemm.ee
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    16 days ago

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