Who convinced Trump "take a pause" and suspend tariff increase (video)

Two ministers united against the background of the situation in the stock market and called on US President Donald Trump to suspend tariffs.

This is the US Minister of Finance Scott Immordin and trade Minister Howard Lyutnov, tells NBC News, referring to the anonymous representative of the presidential administration. The channel claims that Trump’s closest environment began to sound the alarm regarding financial markets, some of his advisers were almost in panic.

The ninth of April, immense and lutonka were a united front, urging Trump to suspend the tariffs. The channel notes that the situation with the tariffs demonstrated a split in the Trump team. While the immortal seemed open to negotiations, Trump's senior adviser to trade, Peter Navarro, took a more stringent position.

Ilon Musk, advising the US president on public service issues, called Navarro “dumber of a bag with brick”, and he did not remain in debt and described a billionaire as a person who is just a car collector.

The weekly drama was also emphasized by the danger of the process of forming a policy that often depends on the desires and whims of one person, summarizes the TV channel.

Meanwhile, the unnamed friend of Trump, who was talking to him in recent days, said that the president did not show any signs that he was going to “quickly depart from these things.” According to the interlocutor, he believes that other countries trade unfairly and consider tariffs as a tool to increase the competitiveness of the United States. And on the terms of anonymity, he added: “He is very sure that it will work.”

Last Tuesday, the US Treasury conducted an auction for the placement of three -year bonds for $ 58 billion, which ended quite alarming. Due to low demand, their profitability was 2.3 basic points above the initial supply (base point = one hundredth interest point).

At the same time, the profitability for already issued 10 -year bonds (this is one of the main indicators according to which the rates of mortgages, car loans and credit cards in the United States are determined) increased by 20 basic points – to 4.46%, and reached 4.51%at the peak. This alarmed the markets much more than the fall of the key American stock index of S&P500 by 10% since the beginning of the year.

Why is it important? The profitability of bonds always goes “in the anti -ore” with their price. The growth of profitability means that investors get rid of bonds. And selling them “treasury” is the main way to finance the US budget deficit, which in February exceeded 1 trillion dollars.

As for the basic points, each of them, although small, is worth its weight in gold. The total volume of US government bonds traded in the market at the beginning of the year was more than $ 27. Therefore, the growth of their profitability on one base point means additional expenses of $ 2.7 billion per year. And 100 basic points – that is, one percentage point of profitability – this is $ 270 billion. Almost as much as Trump was going to collect at the expense of imported tariffs.

On April ninth, Trump wrote a post in the social network Truth Social, in which he said that for 90 days he suspended the effect of unprecedented tariffs announced by him in relation to most countries of the world – without clear specifics to whom and how this decision will spread. And two days ago:

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