The Wall Street Journal

Why Trump Blinked on Tariffs Just Hours After They Went Into Effect

Treasury secretary helped persuade president to take time to negotiate with trading partners

President Trump finally blinked.

It took a week for the plunge in the stock and bond markets—along with a sustained campaign by executives, lawmakers, lobbyists and foreign leaders—to prompt Trump to roll back for 90 days a major element of his sweeping tariff plan.

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