SassySimian 🇪🇺🐧: The reason Trump caved on his bs tariffs is not the "Fart of the Deal", but bc of a massive sell-off of US Treasury bonds, led by the US' 3 biggest foreign creditors: Japan, China and the EU. In layman's terms: The US runs on debt, but no-one trusts nor wants to lend to the US Treasury anymore.

The reason Trump caved on his bs tariffs is not the "Fart of the Deal", but bc of a massive sell-off of US Treasury bonds, led by the US' 3 biggest foreign creditors: Japan, China and the EU. In layman's terms: The US runs on debt, but no-one trusts nor wants to lend to the US Treasury anymore.