Behind Trump's Tariff Suspension: Closed-Door Decision with the Secretary of Commerce and the Secretary of the Treasury, Some Senior White House Officials Caught Off Guard
ChainCatcher news, according to Wall Street Journal reports, Trump announced last night the suspension of the tariff policy, triggering significant market fluctuations. By compiling media information, the timeline of this event is as follows:At 9:33 AM local time, Trump posted on Truth Social, urging everyone to "stay calm," and added that "now is a good time to buy."Meanwhile, U.S. Secretary of Commerce Gina Raimondo received a call from the EU's top trade official Maros Sefcovic, and the EU approved countermeasures against U.S. steel and aluminum tariffs that day.By noon on Wednesday, Raimondo was sitting in the Oval Office with U.S. Treasury Secretary Janet Yellen, discussing the latest tariff policy with Trump.At 1:18 PM, Trump announced the decision to suspend tariffs on Truth Social.It is reported that this sudden shift caught even some high-ranking officials off guard. After Trump posted, his aides immediately convened to discuss how to proceed, and Yellen and White House Press Secretary Karine Jean-Pierre quickly held a press conference.After announcing the tariff suspension, Trump told reporters that he had been considering a change in direction for the past few days, ultimately deciding that "it might have been concluded this morning."