As Donald Trump has changed your mind about duties
The Republicans also pushed him.
The text was originally published in The Washington Post.
Washington woke up to the morning with the highest duties for foreign goods in the last hundred years and warning signals on the bond markets that showed that the effort US President Donald Trump It can eventually cause a huge crisis.
Trump’s advisors were still convinced in the morning that his efforts to restructure the world economy and dismiss from the table of a generation of globalization is trustworthy – even though the S&P 500 per week has lost 12 percent of its value.
One of the High White House leaders said Wall Street doesn’t understand Main Street (expression used to indicate ordinary people or local economies and businesses – ed.)that still supports the US President.
A few hours later, however, Trump partially retreated – although he escalated his Business War with China, but reduced many other duties he had previously introduced for the rest of the world. Subsequently, stock markets suddenly increased sharply.
« It is said that it was the biggest day in financial history, » Trump said only 90 minutes after the Truth Social social network reversed the introduced duties.
In the article you can read:
- As the Republicans responded to the situation,
- Who Trump talked on Wednesday,
- that Lutnick talked to Šefčovič,
- Whether they pushed Navarra on the sideline.
Watched Fox News, then advised to shop
This was a shocking turnover, especially after Trump’s advisors repeated for several days that the American leader was simply trying to reshape the world economy.
However, from Tuesday evening to Wednesday afternoon, Trump and his business advisors spoke with several Republican deputies and foreign leaders who expressed concerns about the weakening of the world’s markets and the subsequent global recession, urging Trump to do something.
On Wednesday afternoon, Trump already suggested that he would change the course, but the final decision was probably not only made early in the morning.
« We just wrote it, we didn’t have access to lawyers. We wrote it just from the heart, » he said in an oval office that « it was » something that we certainly talked about and decided to press the trigger only now and we are happy « .
On Tuesday evening after the end of Sean Hannity at nine at Fox News, Trump had an extensive, approximately hour call with a group of Republican senators who appeared in the show. Some of the senators expressed their concerns about duties, they say three sources familiar with the content.
Trump also watched the developments in the bond market that « where people came sick », said the President.
Since the Senators had information that Trump would watch the show, they openly asked him to negotiate with other countries.
Senator for Texas Ted Cruz Trump pointed out that his administration has two options to proceed on the issue of customs.
Trump could use them as a lever to convince other countries to reduce their own duties, or to leave duties that he announced last week, which would lead other countries to retaliatory measures.
« The second option, as I told the President, would be a terrible result that I think would be very damaged by the country and damaged Texas, » Cruz said in an interview. « I also called on him to quickly negotiate one or more major trade agreements. »
Cruz then said that this interview was influenced by Trump, and his Wednesday’s decision to suspend duties was « in line with what we urged ».
Trump restored an unexpected alliance. Customs brought closer to countries that also distributed war Read
On Wednesday morning, Trump in the White House met with the Republican leader of the Senate majority John Thun and spoke with the Swiss President Karin Keller-Sutter by phone.
On a Rolex watch or Swiss chocolate, Trump had previously imposed 31 % duties. Therefore, the President pushed the President to retreat from measures that damaged the Swiss economy.
During a 25-minute phone call, she emphasized the role that Swiss businesses play in creating jobs in the US, and noted that its country had canceled duties on imports of US industrial goods last year, a spokesman for the Swiss Ministry of Finance said.
Trump also watched the interview of the Executive Director of the Banking Giant JPMorgan Chase Jamie Dimon on Fox News on Wednesday morning. The director warned in it that, given the economic uncertainty, the economic recession will be a « likely result ». Most people he spoke to, according to him, as a result of politics « will save ».
« I hold a peaceful opinion, but I think that if we do not make any progress, it may get worse, » Dimon said in an interview, which was broadcast a few hours before Trump’s statement.
“Be fine!” He bequeathed Trump to the public on Wednesday’s morning post on Truth’s social network, saying he wrote a few minutes later: « This is a great time for The purchase of the purchase. ”
Merchants on Wednesday on the Cboe Global Markets. (Source: Joshua Lott – The Washington Post)Nothing is over yet
The US Minister of Commerce Howard Lutnick in the meantime has phoned the top representative of the European Union for trade Maroš ŠefčovičAs the EU approved countermeasures on USA tariffs on steel and aluminum on Wednesday. In addition, they were adapted to intervene Trump’s voters – from soy growers to plastic manufacturers.
Along with the preparation of retaliatory measures, the EU leaders, which is the largest foreign market for US goods and services, tried to preserve the Americans to remove as many business barriers as possible.
In the morning, Lutnick and American Finance Minister Scott Bessent and Trump in an oval office sat and argued for a change, which eventually surprised some members of Trump’s own team.
Both men were with Trump even while preparing « one of the most unusual contributions to Truth Social during his rule », as Lutnick called it on social network x at 13.30, twelve minutes after Trump published his status about changing duties.
« Nothing has been over yet. We will achieve something that never dreamed of, » Trump said on the White House lawn about an hour after announced a partial cancellation of duties.
Immediately after these statements, Trump’s advisors began to overtake in statements that it was from the beginning of the US President’s strategy.
« The Trump Master Strategy, Bold State Behavior and Brilliant Tactical Planning have done more than anyone else over a few days for reform of dysfunctional international trade, while economically and politically isolated by global economic aggression architect: China, » Stephen Miller said.
US Finance Minister Scott Bessent, a White House press secretary Karoline Leavitt and the head representative of Harrison Fields, leave after Wednesday’s press conference in front of the White House. (Source: Jabin Botsford – The Washington Post)One band, one sound
However, even some high -ranking officials seemed to be derailed in the White House.
Shortly after Trump published his status on the suspension of tariffs, many of his advisers tried to agree on how they would proceed and quickly convened a press conference with the Minister of Finance Bessent and Trump’s press secretary Karoline Leavitt.
A high -ranking foreign diplomat, which was intensively involved in commercial discussions,, learned about the change of policy, for example, from a text report from a journalist, just after Trump reported on social networks. The diplomat, which spoke on the condition of anonymity, then tried to find out further details.
After publishing the paper, the White House advisors met to discuss the facts and individual points of Trump’s newly completed plan.
The Union wants to give a chance to negotiate, postpone countermeasures against US tariffs Read
However, even the White House workers were not clear in the key details of the new regulation when journalists asked, for example, whether the new 10 % duties would also apply to Canada and Mexicoas Bessent said at a press conference, despite the fact that they were not part of Trump’s last week’s plan called Liberation Day.
While Trump did not report a change, the main job of the White House work was to welcome NASCAR motoring champions and sign several executive orders in the afternoon.
However, when the TV screens in the Western wing filled the disturbing economic news, Bessent and Lutnick went to Trump to an oval office to fine -tune the wording of his statement.
Peter Navarro, Trump’s long -time business advisor who urged Trump to promote aggressive customs policy, did not participate in an oval office interview, which was a potential sign that his opinion was losing power.
Bessent and Leavitt also did not mention him when they discussed the cooperation of Trump with Lutnick on the next procedure. Bessent and Navarro were generally perceived as a person with the opposite view during the negotiations, although Trump’s advisers have repeatedly claimed that they were united in supporting all Trump’s decisions in this matter.
Navarro, who was seen on Wednesday in the western wing, in an interview for Fox News in front of the White House, shortly after Trump’s statement, described the whole matter as « beautiful negotiations ».
He avoided journalists who asked him supplementary questions and insisted that no one had hindered him to the siding.
« We work beautifully, » Navarro said. « (Bessent) is one of my best friends, we’ve been working together for years … We’re all doing our work for the president and this is its result. » One band, one sound, my brother, « Navarro said when he ended the interview.
Finally, Trump revealed his wider strategy to journalists in an oval office. « Many times, it is not at first negotiating until it suddenly happens, » Trump said. « And that happened. »
