Director of the U.S. National Economic Council: The turmoil in the bond market increases the urgency to suspend tariffs.

GateUser-6433627c · 2025-04-10T12:23:22+00:00

The Director of the National Economic Council, Hassett, stated that the increase in bond market Fluctuation has heightened the urgency of pausing the imposition of tariffs, but it is not the direct cause. On Wednesday, U.S. Treasury yields surged, prompting necessary action in response to market reactions.

GateUser-6433627c

2025-04-10 12:23:22

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On April 10, Hassett, director of the U.S. National Economic Council, stated that the fluctuations in the bond market were not the direct reason for Trump pausing tariffs, but they may have added “a bit of urgency” to the decision. “Everything is proceeding in an orderly manner. There is no doubt that the bond market reacted this way yesterday, you know, it is time to take action, I think, it may be more urgent. But this is going to happen,” Hassett said. On Wednesday overnight, the yield on the U.S. 10-year Treasury rose above 4.5%, and the yield on the 30-year Treasury surged above 5%, with bond prices experiencing a big dump. ( Jin10 )

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