Reported 4 days ago
President Trump paused reciprocal tariffs due to pressure from the bond market, which saw a significant rise in Treasury yields leading to fears of an economic downturn. As stock markets struggled with potential recession warnings, particularly following remarks from JPMorgan's CEO, Trump reassessed his plans for tariff hikes. The bond market, viewed as a safe haven in uncertain times, signals critical financial conditions, and ongoing trade tensions may lead to further volatility.
Source: YAHOO