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Eugene

(64,500 posts)
Wed Apr 9, 2025, 05:01 PM Apr 9

Trump says he decided on 90-day tariff pause because people were 'yippy' and 'afraid'

Earlier DU thread: Someone got tipped off on Donald Trumps 90 day pause on tariffs.

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Trump says he decided on 90-day tariff pause because people were 'yippy' and 'afraid' (Yahoo! Finance)

President Trump stunned market observers with another quick pivot on trade, announcing he would authorize a 90-day pause on his reciprocal tariff plans for all countries except China and telling reporters he did so because people were getting "yippy" and "afraid."

"They were getting a little bit yippy, a little bit afraid," he said, apparently referring to the market unrest that unfolded following his "Liberation Day" tariff announcement a week ago.

He did, however, keep the 10% baseline duties that went into effect last weekend for all countries, although that does not apply to Mexico or Canada, which still face a separate set of duties related to fentanyl. Separate industry-specific tariffs on steel, aluminum, autos remain unchanged.

The president's pause of "reciprocal" tariffs does not apply to one country: China. Instead, Trump announced he would be unilaterally raising the rate on China further to 125% because of "the lack of respect that China has shown."


https://news.yahoo.com/finance/news/trump-says-he-decided-on-90-day-tariff-pause-because-people-were-yippy-and-afraid-181126787.html
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Arazi

(7,726 posts)
3. The bond market was teetering last night - that's why he HAD to call it off
Wed Apr 9, 2025, 05:18 PM
Apr 9

US Treasuries were about to get shellacked

Scrivener7

(55,423 posts)
4. Wait - so there's still a 10% tariff on everybody?
Wed Apr 9, 2025, 05:22 PM
Apr 9

This is definitely frog in the boiling water shit.

Irish_Dem

(68,459 posts)
5. Bullies get angry when their victims cry or yell.
Wed Apr 9, 2025, 05:33 PM
Apr 9

Their victims are supposed to take the abuse quietly.

EndlessWire

(7,732 posts)
8. Yeah, he had to
Wed Apr 9, 2025, 05:56 PM
Apr 9

find a way to walk them back. He knows the economy is going to tank in a dramatic way, and his name is ON IT. He's watching his own gang of thugs start to part ways with him. Plus, President musk has indicated his displeasure. So, he had to find a third party to blame it on. That's all of us! He figures he can get away with China, but the reason is stupid: respect??? That proves he's doing this for his own, personal reasons.

This 90 day pause is long enough for people heavily invested in the stock market to move their funds. So, that probably satisfies republicans! He has started something he can't control. He's already ruined all our trading partnerships.

We're moving toward Civil War 2.0. He has destroyed lives. How anyone could vote for this POS, I don't know. I don't understand how he pandered to the basest of instincts, and made it work.

sop

(13,788 posts)
9. The person most "yippy" and "afraid" is Trump.
Wed Apr 9, 2025, 06:12 PM
Apr 9

Yippy is a golfing term: "The yips," a state of extreme nervousness that causes a golfer to miss an easy putt.

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