1 week Ago By Jennie Buzaglo
Fox News was interrupted for another "breaking news" update on Donald Trump . The announcement came shortly after the president decided to pause the tariffs he had just imposed on dozens of countries. Treasury Secretary Bessent suggested Trump had used the tariffs to create maximum negotiating leverage with China.
“This was his strategy all along,” he said. "And you might even say that he goaded China into a bad position." Speaking on Fox news, presenter Charlie Gasparino admitted he wanted to tell viewers that Trump outsmarted the world, but believes this wasn't the case.
He said: "I'm an American, I support my president but that's not really what happened here from what I understand and I know, I'll get pushbacks, but here's what it is. "From what I understand, and I'm getting this from people who are talking to the White House, what happened in the market overnight, the spike in yields on the third year and ten year bonds which show that people were dumping our bonds. "And who are those people dumping our bonds? Japan, the biggest holder of bonds, was selling bonds.
That's what I'm getting from some very big money managers." He continued: "China, maybe to some extent, but it was largely Japan and others. If you have a mass sale of bonds, that means people are losing confidence in the US economy and the ability to do deals with us.
" Gasparino added: "From what I understand, this is what forced the hand of this 90 day reprieve." The American TV host admitted he can see the positive side of this as it is bringing people to the table, however, realised there's a down side if you "read between the lines". This is a breaking live TV story, the Showbiz Express.
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