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Long-term yields were soaring. The 10-year Treasury saw the biggest three-day jump since 2001. The president was confronting a worst-case scenario: voters who had returned him to the White House because of inflation now faced both increased prices and higher borrowing costs.
“People were getting a little queasy,” Trump allowed.
WATCH: Was a 90-day pause always part of the plan? Bloomberg’s Jordan Fabian discusses President Trump’s policy u-turn. Source: Bloomberg
The president had for days been debating whether to fully push ahead with the tariff program, which resulted from a
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