Trump Halts Tariffs for 90 Days Amid Market Volatility

President Trump announced a 90-day pause on his tariff plan, which has been interpreted as a response to market instability and calls for a strategy shift. This decision followed JPMorgan CEO Jamie Dimon's warnings about the potential for a recession if tariffs continued, communicated during a Fox Business interview that Trump reportedly watched. Supporters of Trump, including Treasury Secretary Scott Bessent and advisor Stephen Miller, argue that the pause is part of a larger strategic negotiation with countries, positioning Trump as a master negotiator. Meanwhile, critics point to the tumultuous bond market as a significant factor influencing Trump's decision. The market reacted positively to the announcement, but skepticism remains regarding whether this pause will ultimately lead to favorable trade outcomes. The overall sentiment reflects a divided view on whether the pause was a calculated strategy or an impulsive reaction to external pressures.