Trump reversed course Wednesday, pausing a sweeping tariff regime just one week after launching it as “Liberation Day,” according to NBC News. The shift follows pressure from GOP lawmakers, markets, and advisers. The about-face came after Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick urged a suspension, citing market turmoil and rising bond yields. The chaos highlighted divisions within Trump’s team and underscored the volatility of his economic policy process.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump reversed course Wednesday, pausing a sweeping tariff regime just one
00:06week after launching it as Liberation Day, according to NBC News. The shift follows
00:10pressure from GOP lawmakers, markets, and advisors. The about face came after Treasury
00:15Secretary Scott Besson and Commerce Secretary Howard Lutnick urged a suspension,
00:20signing market turmoil and rising bond yields. Chaos highlighted divisions within Trump's team
00:25and underscored the volatility of his economic policy process.
00:28For all things money, visit Benzinga.com slash GSTV.