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Laura Coates Live

Fears Of Bond Market Catastrophe Led Trump To Pause Tariffs

Laura Coates Live

CNN

News

4.22.5K Ratings

🗓️ 10 April 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

President Donald Trump’s abrupt decision to reverse course on his sweeping tariff plan by announcing a three-month pause revealed his threshold for political pain: One week. “They were getting yippy,” Trump said, explaining the rising criticism raining down on the White House over the last week. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Well, you might say President Trump had to roll America back into the operating room he was talking about and undo the procedure that he carried out just a week ago.

0:17.2

He is announcing a 90-day pause for tariffs on nearly 60 countries after days of market chaos and, of course, recession fears.

0:26.0

Stocks, they reverse days of losses in a matter of minutes, but we are not out of the woods.

0:31.6

Trump up the ante on his main target, talking about China, raising tariffs on all Chinese goods to 125 percent and several other tariffs,

0:42.3

well, they're still in place.

0:44.3

Number one, you still have the auto tariffs.

0:48.3

Number two, you still have the steel and aluminum tariffs.

0:51.3

Number three, you have the Chinese tariffs at 125% the largest

0:56.5

bilateral trade relationship. And number four, you have a new global U.S. tariff of 10%. We are so far

1:05.9

from being out of this. So, in other words, don't unbuckle your seatbelt.

1:12.6

But what has sparked Trump's turnaround today?

1:14.6

Was it the chaos in the stock market?

1:16.6

Because it's been a wild ride ever since Trump unveiled his tariff plan last week.

1:20.6

You can see three major U.S. indexes from so-called Liberation Day until now.

1:30.2

Looks like someone took a huge bite out of the middle.

1:35.8

And to Trump, all the noise over the stock market sounded something like a barking dog.

1:41.9

I thought that people were jumping a little bit out of line.

1:44.1

They were getting yippy, you know. They were getting a little

1:44.8

bit yippy, a little bit afraid, unlike these champions, because we have a big job to do. No other

1:50.9

president would have done what I did. Yippie. Oh, sorry, yippy? I failed that one. Well, could it

1:59.4

have been warnings about a recession?

2:01.6

The biggest banks to the wealthiest billionaires have been sounding the alarm, but

...

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