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Inside Trump’s tariff retreat: How fears of a bond market catastrophe convinced Trump to hit the pause button

  • Donald Trump announced sweeping tariffs on nearly all U.S. Trade partners, which caused turmoil in the stock and bond markets, leading him to reduce them to 10% globally.
  • Trump raised tariffs on China to an astonishing 145%, while maintaining a focus on immigration, where he has targeted illegal aliens and slowed deportations to under one million.
  • The Trump administration has faced criticism for the impact of tariffs on the economy, as rising prices for groceries and electronics may occur due to these trade policies.
  • A federal lawsuit has been filed by a Chinese importer to stop the tariffs, arguing they exceed presidential power, while calls for Congress to assert its authority over trade continue.
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  • 43% of the sources lean Left
43% Left
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Crooks and Liars broke the news in United States on Wednesday, April 9, 2025.
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