10-04-2025, 03:42 PM
Reason 1: The market plays a balancing role
"I think people were overreacting a little bit and started to get a little nervous (yippie)," he said, before finally deciding to hold off "from the bottom of his heart."
"It proves that he can watch the market's reaction and know when he has gone too far," said Dec Mullarkey, head of SLC Asset Management. "It's a good sign for the market's checks and balances -- the market still has strength and won't give in easily."
Reason 2: The financial backlash
There has been a growing backlash from investors and some U.S. corporate financiers, including tech tycoon and White House adviser Elon Musk, against Trump's extremely protectionist policies.
Reason 3: U.S. Treasury bond insecurity
"Even though the bond market looks 'great,' I saw last night that people are starting to get a little uneasy," Trump said Wednesday, explaining his change of stance.
Fox News reporter Charlie Gasparino noted that Trump backed down after worrisome developments in the bond market.
Reason 4: Dimon warns that the U.S. economy may be heading into a recession
He also said that a recent interview with JPMorgan Chase CEO Jamie Dimon on Fox Business also changed his mind. Dimon warned at the time that the U.S. economy was likely heading into a recession.
The Atlantic commented that if Trump's wave of reciprocal tariffs really had any leverage, the leverage now lies with his opponents. "The opponents now see clearly: he may be crazy, but he is not crazy enough to gamble on a complete global economic collapse."
https://udn.com/news/story/124373/866479...otnews_ch2
"I think people were overreacting a little bit and started to get a little nervous (yippie)," he said, before finally deciding to hold off "from the bottom of his heart."
"It proves that he can watch the market's reaction and know when he has gone too far," said Dec Mullarkey, head of SLC Asset Management. "It's a good sign for the market's checks and balances -- the market still has strength and won't give in easily."
Reason 2: The financial backlash
There has been a growing backlash from investors and some U.S. corporate financiers, including tech tycoon and White House adviser Elon Musk, against Trump's extremely protectionist policies.
Reason 3: U.S. Treasury bond insecurity
"Even though the bond market looks 'great,' I saw last night that people are starting to get a little uneasy," Trump said Wednesday, explaining his change of stance.
Fox News reporter Charlie Gasparino noted that Trump backed down after worrisome developments in the bond market.
Reason 4: Dimon warns that the U.S. economy may be heading into a recession
He also said that a recent interview with JPMorgan Chase CEO Jamie Dimon on Fox Business also changed his mind. Dimon warned at the time that the U.S. economy was likely heading into a recession.
The Atlantic commented that if Trump's wave of reciprocal tariffs really had any leverage, the leverage now lies with his opponents. "The opponents now see clearly: he may be crazy, but he is not crazy enough to gamble on a complete global economic collapse."
https://udn.com/news/story/124373/866479...otnews_ch2