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Trump reveals why he suspended tariffs that 'shocked' the world: China wants a deal, but doesn't know how to do it

2025-04-09 23:46:28Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Trump reveals why he suspended tariffs that 'shocked' the world: China
Donald Trump

President Donald Trump has explained the reasons why he suspended tariffs on a large part of the world's countries.

Trump said he posted earlier on social media about calm in various countries around the world after the tariffs, as according to him, he thought the leaders of these countries were getting scared and moving out of line.

"They were getting, you know, getting a little bit upset, a little bit scared," Trump said,

After suspending tariffs on many countries around the world and replacing them with a flat 10% tariff, with the exception of China, for which he increased tariffs to 125%, Trump says he was "watching" the bond market last night and saw "people getting a little worried."

Speaking about today's movement in the bond market, he said that today "the bond market is beautiful right now."

"The big move wasn't what I did today, the big move was what I did on Liberation Day," he adds, referring to April 2, when he unveiled his tariff package for many countries around the world.

"We had Liberation Day in America. We were liberated from all the terrible deals that were made, all the terrible trade deals that were made," Trump continued.

Investors had been putting money into government bonds - but on Monday they had a change of heart and started selling them.

30-year Treasury yields - the interest rate on the debt - hit 4.92% today, their biggest three-day jump since 1982.

Trump went on to say that "nothing is done yet" and added that China wants to make a deal with the US, but according to him, he doesn't know how.

"China wants to make a deal, they just don't know how to do it," he said.

"They are very proud people and President XI is a proud man. They are in the process of discovery, but they want to make a deal," Trump concluded his speech, shortly after increasing tariffs on China to 125%.

 


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