Trump insists bond market turmoil didn't affect his tariff pause decision
- Former President Donald Trump explained that the decision to pause tariffs was not influenced by tumultuous bond markets.
- Trump characterized the bond market's volatility as 'getting the yips,' asserting his confidence in the economic strategy.
- The former president emphasized the importance of favorable trade numbers and ongoing negotiations with global trading partners.
In April 2025, during an interview with Time magazine, former President Donald Trump addressed the recent volatility in the U.S. bond market, clarifying that it did not influence his decision to pause tariffs on U.S. trading partners. He emphasized that while the bond market exhibited significant fluctuations, he remained unfazed and focused on achieving favorable trade numbers. Trump indicated that the tariff pause was temporary and driven by ongoing negotiations with several countries, including China and Japan. He noted his discussions over the phone with various leaders, seeking to align trade agreements to benefit the U.S. economy. Trump's comments come on the heels of market turbulence attributed to fears of inflation, economic recession, and disruption of established trade agreements due to the implemented tariffs. Following his remarks, yields in the bond market continued to shift, with the 10-year yield hovering around 4.28%. Despite the prevailing market concerns, Trump remained steadfast in his approach, dismissing worries regarding the financial landscape, which he referred to as the bond market