Trump pauses most global tariffs, but consequences for Canada and Mexico unclear [Video]

Trump says bond markets didn’t force his hand, but an expert disagrees

Outside the White House just now, a reporter asked Trump whether it was the unnerving activity on the bond markets that pushed him to take a break from tariffs.

He said it was not, but admitted he realized people were getting “queasy.”

“No. I was watching the bond market. I was watching it. But if you look at it now, it’s beautiful. The bond market right now is beautiful. I saw it last night, where people were getting a little queasy,” he said, before trailing off to revisit the initial tariff announcement last week.

One international economic policy expert said she thinks the bond markets are exactly what swayed Trump.

“Clearly, President Trump got spooked by the markets, even though he said he wouldn’t, so this reversal is really him reacting to the downgrading of the U.S. market …