Trump reversed course Wednesday, pausing a sweeping tariff regime just one week after launching it as “Liberation Day,” according to NBC News. The shift follows pressure from GOP lawmakers, markets, and advisers. The about-face came after Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick urged a suspension, citing market turmoil and rising bond yields. The chaos highlighted divisions within Trump’s team and underscored the volatility of his economic policy process.
