RT-Engels: 09-04-2025,
The US president has explained the sudden tariff pause after telling Americans to “be cool”
President Donald Trump has admitted that his decision to delay further tariff hikes was driven in part by a sharp downturn in US financial markets, saying he was closely monitoring investor sentiment as people grew too “yippy” and “afraid” before announcing a 90-day freeze.
On Wednesday morning, Trump urged Americans to “be cool” and told investors that “this is a great time to buy,” after US markets lost more than $1.5 trillion in capitalization the day before. The sell-off came ahead of the implementation of a 104% tariff on Chinese imports and sweeping new levies on dozens of other countries.
Just hours later, the president announced his decision to keep most tariffs at a “baseline” 10 percent – except for China, which saw its rate raised even further to 125 percent. Speaking to reporters later that day, Trump said he had been tracking the markets closely before taking action.
“I was watching the bond market. The bond market is very tricky. I was watching it. But if you look at it now, it’s… it’s beautiful,” he said. “But, yeah, I saw last night where people were getting a little queasy.”
I thought that people were jumping a little bit out of line. They were getting yippy, you know? They were getting a little bit yippy,