US President Donald Trump on Wednesday, April 9 ordered a 90-day break in the use of increased duties for other countries. At the same time, for “disrespect” he raised tariffs applied to China to 125 percent.
“Wall Street Journal” describes that the person who influenced the decision of Donald Trump regarding duties was to be the treasury secretary. He allegedly convinced the disturbing phones from Wall Street Scott Bessent, he allegedly convinced the president to take a break and devote time to negotiating with trade partners.
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He was to argue that this was not surrender. We also read that banks directors “frustrated by the apparent lack of influence on administrative officials turned to republican parliamentarians to lobby in the case of tariffs.” They explained that “Trump intends to sink the economy.”
This is how Donald Trump made decisions about duties. “Classic Trump”
The US President has finally buckled. The newspaper notes that it was “classic Trump”: “he took drastic actions, carefully followed the reaction, kept advisers and allies in uncertainty, and then changed the course” – we read. Trump himself was to admit in private conversations that his policy could cause a recession. At the same time, he wanted to be sure that he would not lead to economic depression.
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“Wall Street Journal” notes that Trump has recently included “listening mode”. He talked to friends and advisers, ate lunch with a financier and investor Charles Schwab, met with a democratic governor Michigan Gretchen Whitmer, who said that the effects of his decision are already felt in her condition.
On Wednesday morning, he watched an interview with the General Director of JPMorgan Chase Jam Dimon in Fox Business, who said that the trading war would probably lead to a recession in the USA. He called the president to give Bessent time to conclude contracts. He knew that Trump and his close associates were watching Fox and that his message would reach them.
Ultimately, according to the sources of the American newspaper Scott Bessent and other advisers recognized Trump's move as part of the strategy that is to force the world to negotiate.
