FOX NEWS : White House capitulated on tariffs

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’​

Justin Baragona
Thu, 10 April 2025 at 5:11 am GMT+8·3-min read


Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

While MAGA world treated Donald Trump’s sudden about-face on his “Liberation Day” tariffs as a masterful gambit and proof of the president’s “Art of the Deal” prowess, Fox Business correspondent Charles Gasparino injected a dose of reality on Wednesday.

“Let’s be clear,” Gasparino noted just moments after the 90-day pause on most of the president's so-called “reciprocal” tariffs was announced. “It is the White House who capitulated.”

Following a week-long global market meltdown in response to Trump's sweeping tariffs on the majority of the world, the president abruptly reversed course on Wednesday afternoon. While he escalated the trade war against China by raising its import taxes to 125 percent, Trump said that beyond the 10 percent across-the-board tariffs he handed down last week, he was pausing the rest of the levies he announced on “Liberation Day.”

After insisting in a Truth Social post that the reversal was due to dozens of countries coming to the table to renegotiate their trade agreements with the United States, Trump essentially admitted a short time later that it was primarily due to the panic in financial markets.

“I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid,” Trump told reporters outside the White House.

He added: “I was watching the bond market. It’s very tricky. If you look at it now, it’s beautiful. The bond market right now is beautiful. But I saw last night where people were getting a little queasy.”


Fox Business senior correspondent Charles Gasparino said that it was the "White House who capitulated" on tariffs and that Donald Trump didn't "outsmart" anyone. (Fox News)

With the Dow Jones and other stock indexes surging on the news of the paused tariffs in the wake of Trump’s decision, hosts and commentators at Fox News – who had staunchly backed Trump and his trade policy amid growing fears of recession – showered praise on the president for reversing course. “The bottom line is Donald Trump is back!” crowed Fox Business host David Asman,

Gasparino, however, pointed out that the president backed down when push came to shove – even though Treasury Secretary Scott Bessent boldly claimed that this three-month pause was the president’s plan all along.

“Let’s be clear what happened, who capitulated here and why,” the conservative Fox personality noted. “You know, I don’t want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all of my sources.”

Gasparino continued: “The reason why is because of the bond market and what happened last night. Scott Bessent knows this better than anybody when you have yields on 10-year [bonds] rising to five percent, stuff starts shutting down and you have the lending market screwed up.”

Indeed, coming into the day on Wednesday, there were growing concerns about the U.S. Treasury bond market plunging amid the tariff-fueled crash, sparking fears that the nation could soon find itself in a debt crisis.

“I want to tell you right now that Donald Trump outsmarted the world,” Gasparino said after Bessent held a press conference outside the White House. “Trust me. I'm an American, I support my president. But that's not really what happened here, from what I understand.”

While crediting Trump with “some art of the deal here” because the president had placed “China in the corner,” the Fox Business reporter reiterated that the main reason Trump stepped back from the tariff cliff was because the economy was on the verge of collapsing.

“Make no mistake about it, you cannot divorce this decision right here from what happened last night,” he concluded. “It's the bond market and the sort of lending markets that's the plumbing of the economy. And those markets were imploding last night, and that's why we have a 90-day freeze. Let's see if those markets improve.”

https://sg.news.yahoo.com/fox-business-reporter-says-white-211133260.html

glockman said:

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’​

Justin Baragona
Thu, 10 April 2025 at 5:11 am GMT+8·3-min read

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

While MAGA world treated Donald Trump’s sudden about-face on his “Liberation Day” tariffs as a masterful gambit and proof of the president’s “Art of the Deal” prowess, Fox Business correspondent Charles Gasparino injected a dose of reality on Wednesday.

“Let’s be clear,” Gasparino noted just moments after the 90-day pause on most of the president's so-called “reciprocal” tariffs was announced. “It is the White House who capitulated.”

Following a week-long global market meltdown in response to Trump's sweeping tariffs on the majority of the world, the president abruptly reversed course on Wednesday afternoon. While he escalated the trade war against China by raising its import taxes to 125 percent, Trump said that beyond the 10 percent across-the-board tariffs he handed down last week, he was pausing the rest of the levies he announced on “Liberation Day.”

After insisting in a Truth Social post that the reversal was due to dozens of countries coming to the table to renegotiate their trade agreements with the United States, Trump essentially admitted a short time later that it was primarily due to the panic in financial markets.

“I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid,” Trump told reporters outside the White House.

He added: “I was watching the bond market. It’s very tricky. If you look at it now, it’s beautiful. The bond market right now is beautiful. But I saw last night where people were getting a little queasy.”

Fox Business senior correspondent Charles Gasparino said that it was the "White House who capitulated" on tariffs and that Donald Trump didn't "outsmart" anyone. (Fox News)

With the Dow Jones and other stock indexes surging on the news of the paused tariffs in the wake of Trump’s decision, hosts and commentators at Fox News – who had staunchly backed Trump and his trade policy amid growing fears of recession – showered praise on the president for reversing course. “The bottom line is Donald Trump is back!” crowed Fox Business host David Asman,

Gasparino, however, pointed out that the president backed down when push came to shove – even though Treasury Secretary Scott Bessent boldly claimed that this three-month pause was the president’s plan all along.

“Let’s be clear what happened, who capitulated here and why,” the conservative Fox personality noted. “You know, I don’t want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all of my sources.”

Gasparino continued: “The reason why is because of the bond market and what happened last night. Scott Bessent knows this better than anybody when you have yields on 10-year [bonds] rising to five percent, stuff starts shutting down and you have the lending market screwed up.”

Indeed, coming into the day on Wednesday, there were growing concerns about the U.S. Treasury bond market plunging amid the tariff-fueled crash, sparking fears that the nation could soon find itself in a debt crisis.

“I want to tell you right now that Donald Trump outsmarted the world,” Gasparino said after Bessent held a press conference outside the White House. “Trust me. I'm an American, I support my president. But that's not really what happened here, from what I understand.”

While crediting Trump with “some art of the deal here” because the president had placed “China in the corner,” the Fox Business reporter reiterated that the main reason Trump stepped back from the tariff cliff was because the economy was on the verge of collapsing.

“Make no mistake about it, you cannot divorce this decision right here from what happened last night,” he concluded. “It's the bond market and the sort of lending markets that's the plumbing of the economy. And those markets were imploding last night, and that's why we have a 90-day freeze. Let's see if those markets improve.”

https://sg.news.yahoo.com/fox-business-reporter-says-white-211133260.html

Click to expand...

Actually a 10% baseline tax on all imported goods is akin to introducing GST in America. He maybe no balls to introduce GST so camouflage it as tariffs... then he put all the blame on other countries so that his administration wouldn't get blamed for this indirect taxation on americans

threadfin said:

Actually a 10% baseline tax on all imported goods is akin to introducing GST in America. He maybe no balls to introduce GST so camouflage it as tariffs... then he put all the blame on other countries so that his administration wouldn't get blamed for this indirect taxation on americans

Click to expand...

Yes that could be so, additional tax on top of the current sales tax. You say he has no balls, but this other forumer says he has brains and balls woh.

glockman said:

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’​

Justin Baragona
Thu, 10 April 2025 at 5:11 am GMT+8·3-min read

Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

While MAGA world treated Donald Trump’s sudden about-face on his “Liberation Day” tariffs as a masterful gambit and proof of the president’s “Art of the Deal” prowess, Fox Business correspondent Charles Gasparino injected a dose of reality on Wednesday.

“Let’s be clear,” Gasparino noted just moments after the 90-day pause on most of the president's so-called “reciprocal” tariffs was announced. “It is the White House who capitulated.”

Following a week-long global market meltdown in response to Trump's sweeping tariffs on the majority of the world, the president abruptly reversed course on Wednesday afternoon. While he escalated the trade war against China by raising its import taxes to 125 percent, Trump said that beyond the 10 percent across-the-board tariffs he handed down last week, he was pausing the rest of the levies he announced on “Liberation Day.”

After insisting in a Truth Social post that the reversal was due to dozens of countries coming to the table to renegotiate their trade agreements with the United States, Trump essentially admitted a short time later that it was primarily due to the panic in financial markets.

“I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid,” Trump told reporters outside the White House.

He added: “I was watching the bond market. It’s very tricky. If you look at it now, it’s beautiful. The bond market right now is beautiful. But I saw last night where people were getting a little queasy.”

Fox Business senior correspondent Charles Gasparino said that it was the "White House who capitulated" on tariffs and that Donald Trump didn't "outsmart" anyone. (Fox News)

With the Dow Jones and other stock indexes surging on the news of the paused tariffs in the wake of Trump’s decision, hosts and commentators at Fox News – who had staunchly backed Trump and his trade policy amid growing fears of recession – showered praise on the president for reversing course. “The bottom line is Donald Trump is back!” crowed Fox Business host David Asman,

Gasparino, however, pointed out that the president backed down when push came to shove – even though Treasury Secretary Scott Bessent boldly claimed that this three-month pause was the president’s plan all along.

“Let’s be clear what happened, who capitulated here and why,” the conservative Fox personality noted. “You know, I don’t want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all of my sources.”

Gasparino continued: “The reason why is because of the bond market and what happened last night. Scott Bessent knows this better than anybody when you have yields on 10-year [bonds] rising to five percent, stuff starts shutting down and you have the lending market screwed up.”

Indeed, coming into the day on Wednesday, there were growing concerns about the U.S. Treasury bond market plunging amid the tariff-fueled crash, sparking fears that the nation could soon find itself in a debt crisis.

“I want to tell you right now that Donald Trump outsmarted the world,” Gasparino said after Bessent held a press conference outside the White House. “Trust me. I'm an American, I support my president. But that's not really what happened here, from what I understand.”

While crediting Trump with “some art of the deal here” because the president had placed “China in the corner,” the Fox Business reporter reiterated that the main reason Trump stepped back from the tariff cliff was because the economy was on the verge of collapsing.

“Make no mistake about it, you cannot divorce this decision right here from what happened last night,” he concluded. “It's the bond market and the sort of lending markets that's the plumbing of the economy. And those markets were imploding last night, and that's why we have a 90-day freeze. Let's see if those markets improve.”

https://sg.news.yahoo.com/fox-business-reporter-says-white-211133260.html

Click to expand...

[Video] - Trump suspends his STUPID TARIFFS after they caused Crypto and Stock Markets to crash and lose Six Trillion Four Hundred Billion US Dollars!​

[Video] - ‘Why Trump blinked’: Trump was WARNED that he could kick off a GREAT DEPRESSION with his STUPID TARIFFS​

threadfin said:

Actually a 10% baseline tax on all imported goods is akin to introducing GST in America. He maybe no balls to introduce GST so camouflage it as tariffs... then he put all the blame on other countries so that his administration wouldn't get blamed for this indirect taxation on americans

Click to expand...

They already have some form of tax of 10%…. It is like rising GST to 20% to make Murika greater again

no, it iz abt chyna all along.

UltimaOnline said:

[Video] - Trump suspends his STUPID TARIFFS after they caused Crypto and Stock Markets to crash and lose Six Trillion Four Hundred Billion US Dollars!​

[Video] - ‘Why Trump blinked’: Trump was WARNED that he could kick off a GREAT DEPRESSION with his STUPID TARIFFS​

Click to expand...

I believe some of his advisors knew it was a very bad idea, but were too afraid to oppose him. Including smart ones like Scott Bessent. It's tough to work for a dumb boss, and even tougher to try to spin dumb mistakes in a positive way.

Peter Navarro, a former trade advisor to Donald Trump, wrote the book Death by China (2011), which relied heavily on the supposed expertise of "Ron Vara", a pseudonym later exposed as a completely fabricated persona. The name "Ron Vara" is an anagram of "Navarro,"

Art of the fold. MAGA RIP.