President's "Weave" Turns to "Swerve"

Posted 4/9/25

The President's discursive policymaking prowess was on full display this week.    Mr. Trump began holding firm on the "reciprocal" tariffs he proclaimed the week before, until relentless selling in the treasury market convinced Secretaries Bessent and Lutnick to sit him down and thumb out a reversal.

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