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Evening Standard

Bill Bowkett

Why did Trump blink on tariffs with 90-day pause? Inside story of how bond market 'fire sale' spooked POTUS

United States Donald Trump Scott Bessent US Treasury White House

Donald Trump was forced to scale back his tariff onslaught because of a “fire sale” in the bond market which could have triggered a financial meltdown, reports suggest.

The US President on Wednesday said he put a 90-day pause on his exorbitant tariffs because critics were “getting yippie” about it.

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