Inside story of Trump's suspension of tariffs: closed door decisions with Commerce Secretary and Treasury Secretary caught some senior White House officials off guard

律动BlockBeats
律动BlockBeats|Apr 10, 2025 01:23
BlockBeats News: On April 10th, Trump announced the suspension of tariff policies last night, causing severe market volatility. By compiling media information, the timeline behind this event is as follows: At 9:33 am local time, Trump posted on Truth Social, urging everyone to "stay calm", and then added that "now is a good time to buy". At the same time, US Commerce Secretary Lutnik received a call from Maros Sefcovic, the EU's top trade official, who approved countermeasures against US steel and aluminum tariffs on the same day. By noon on Wednesday, Lutnik had already sat in the Oval Office with US Treasury Secretary Bessent, discussing the latest tariff policies with Trump. At 1:18 pm, Trump announced the decision to temporarily suspend tariffs on Truth Social. It is reported that this sudden turn even caught some high-level officials off guard. After Trump's post, his aides immediately stood up to discuss how to proceed, and Bessent and White House Press Secretary Levitt quickly held a press conference. After announcing the temporary suspension of tariffs, Trump told reporters that he had been considering changing course in the past few days and the final decision "may have been made this morning". (Observations from Wall Street)
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