Why Trump decided to take the win and paused tariff war
By Charles Gasparino
Published April 9, 2025, 5:57 p.m. ET
Donald Trump finally decided to take the proverbial “win” on trade and the stock market rallied nearly 3,000 points.
You can thank the bond market, with an assist from Treasury Secretary Scott Bessent, for making it happen.
We have been hyper-focused on how the stock market dropped ever since Trump declared trade war on the entire world, how he kept upping the ante, demanding ever higher degrees of compensation from our trade partners, even those who appeared to be acting in good faith and wanting to negotiate peace.
Trump’s trade intransigence was a reflection of his own oft-stated desire to level the playing field, ending our perpetually large trade deficits with the world.
Also certainly in the back of his “art-of-the-deal” mindset was an attempt to maximum leverage in negotiations.
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https://nypost.com/2025/04/09/business/why-trump-decided-to-take-the-win-and-paused-tariff-war/
