After days of Donald Trump and the White House insisting on their determination to impose new "reciprocal" tariffs on dozens of countries, the US president has made a surprise U-turn. Trump has suspended the imposition of tariffs for 90 days, with some specific exceptions.
However, this suspension is a reality, and Trump's promise of a golden age of American manufacturing looks set to wait a little longer.
According to the administration, this was part of the plan from the beginning: to go ahead with the tariffs and then open the way for negotiations with each country individually. “Over 75 countries have approached us to discuss. And after that, there will probably be more,” Treasury Secretary Scott Bessent said.
However, it is difficult to ignore the panic in the markets, the collapse in bonds and the increasingly harsh criticism from within the Republican Party, which pressured this turn.
Was this a strategic retreat in the face of unexpected opposition, or another episode in Trump's strategy of negotiating through pressure?
Top White House officials, including trade adviser Peter Navarro and press secretary Caroline Leavitt, immediately defended the president's move, calling it part of the original plan. "The whole world is calling the United States," Leavitt said, noting that international interest has grown since the decision.
However, even after the announcement on the Truth Social platform, the details of the tariff suspension remained unclear: Were the EU, Mexico, and Canada included in this 90-day suspension? What happened to specific sectors?
In a more measured response, Trump himself acknowledged on Wednesday that “the markets were looking bleak” and that “people were feeling anxious,” a reflection that challenges the strong stance of recent days. In an earlier tweet, he urged citizens to “calm down” and promised that “everything would be fine.”
Although Trump continues to defend the move as necessary to heal the U.S. economy, Senate Minority Leader Chuck Schumer called Trump's moves a form of "government through chaos." "It's pulling back, it's swaying, and that's a good thing," he said.
The BBC writes that the reality is that the US is showing a softer stance towards its trading allies, even though the overall 10% tariff remains in place.
Financial markets have positively reflected this withdrawal, while the Trump administration is now focusing on escalating the trade war with China, a country it has hit with 125% tariffs.
However, it remains to be seen how things will play out after 90 days, when the pause ends and all this economic drama can be resumed.