“People had become a bit restless.” Trump says why he decided 90 days break for commercial rates
Donald Trump. PHOTO: Media Punch, MediaPoint Inc / Alamy / Profimedia
US President Donald Trump said on Wednesday that he was following the volatility on the bond market in recent days, after the tariff measures announced last week, and seemed to indicate that this was one of the factors that led to the decision to set up a 90 -day break in the application of customs taxes.
American bonds, the cornerstone of the world financial system, in crisis. “I certainly have not seen something like that.”
“I followed the bond market. The bond market is very complicated. I followed it. But if you look at it now, it is beautiful. The bond market is beautiful. But yes, I saw last night,” said Donald Trump.
He previously announced that he had decided a 90 -day break in applying “mutual” customs tariffs imposed on imports from dozens of countries. However, a universal rate of 10% will be maintained for all commercial partners.
The measure has immediate effect. However, this 90 -day moratorium does not apply to the rates imposed on China. Moreover, he announced that the customs duties imposed on Chinese products from 104% to 125% will increase.
CNN reported on Wednesday, before the decision of the US president, that US treasury has increased in recent days, because investors have sold bonds. The 10-year reference yield was 4.4% Wednesday morning-increasing from 3.9% as it was before Trump to reveal its new customs rates.
“The Chinese to make an understanding, but they are proud”
The United States I see “a great disposition from other countries, including China,” Donald Trump said on Wednesday, during an event at the White House, shortly after announcing a 90 -day break in applying all “mutual” rates, except for China, which will be increased to 125%.
“China wants to make an understanding. I just don't know how to proceed. You know, it's one of those things I don't know exactly – they are proud people,” said Trump, continuing:
“And President XI (Jinping) is a proud man. I know him very well, and they do not know how to proceed. But they will realize. They are still trying to figure out how, but they want to make an agreement.”
