Summary
- President Donald Trump's decision to delay reciprocal tariffs was significantly influenced by the collapse of the bond market.
- President Trump acknowledged the possibility of an economic recession and did not want a recession caused by tariff policies.
- He recognized in private that excessive tariff policies could lead to an economic recession.
U.S. President Donald Trump's decision on the 10th (local time) to delay the imposition of reciprocal tariffs on countries other than China for 90 days was significantly influenced by the collapse of the bond market, according to analysis.
Kevin Hassett, Chairman of the White House National Economic Council (NEC), said in an interview with CNBC on the 10th (local time), "President Trump is aware of the possibility of the U.S. economy falling into a recession and did not want a recession caused by tariff policies."
He further explained, "The collapse of the bond market influenced his decision to temporarily retract his trade policy."
Meanwhile, NBC, citing multiple sources, added, "President Trump has recognized in private that excessive tariff policies could lead to a recession and has stated that he does not want an economic downturn to begin due to tariffs."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
