President Donald Trump speaks at a bilateral meeting with Norway Prime Minister Jonas Gahr in the White House Oval Office in Washington, DC, April 24, 2025.
Saul Loeb | AFP | Getty images
President Donald Trump Developed that a strong sale on the bond market influenced its decision earlier this month to keep mutual “reciprocal” prices against American trade partners.
“I was not worried,” said Trump in A Time magazine interview During which he was questioned on the financial market tumult after his announcement of “Liberation Day” of April 2.
In the decree, Trump stuck in 10% of the rights to all states against all American imports and has published a list of prices against dozens of other nations. Additional levies were based on trade deficits that the United States had against respective countries and made inflation fear, A potential recession and the disruption of long -standing trade agreements.
The markets fell back after the release. Treasury yields initially led lower but quickly broke higher. The yield in 10 years has increased half a point in percentage in a few days, one of its fastest movements of all time, because investors have also abandoned the stocks and the US dollar.
In the end, Trump made a 90 -day stay on reciprocal prices to give time for negotiation. But he said it was not because of the tumult of the market.
“No, it was not for this reason,” Trump said in Tuesday's interview that was published on Friday. “I do this until we find the figures I want to find. I met a lot of countries. I talked on the phone. I don't even want them to enter.”
The yields have since been lowered, with the 10 years more recently around 4.28%, or about a quarter of percentage points higher than its recent hollow. Trump said when he made the decision to remember that the bond market had obtained the “yips”.
“The bond market obtained yips, but I was not. Because I know what we have,” he said. “I know what we have, but I also know that we will not have it for a long time if we have granted four years of raw incompetence. This thing was working – it worked as a free spirit. It was – it was – it was the most incompetent president in history.”
However Prices negotiations Are underway, Trump added that he would consider that it is a “total victory” even if the United States has samples up to 50% in place in a year.
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