Summary
Donald Trump abruptly reversed his tariff policy Wednesday, announcing a return to a 10% baseline tariff on most countries and a steep 125% rate on China.
His administration appeared blindsided, with Treasury Secretary Scott Bessent unable to explain the move and press secretary Karoline Leavitt resorting to combative rhetoric.
The shift likely responds to mounting criticism from conservative allies and market instability marked by a debt sell-off.
Despite confusion and lack of clarity, officials tried to play up Trump’s unpredictability as strategic leverage rather than a sign of disarray.
“funding secured” bought musk a ton of trouble. This is no different, other than there will be no enforcement of the clear precedent.
My point is that despite there being a public component, this information was targeted.