WSJ： The US Treasury Secretary and Commerce Secretary successfully persuaded Trump to temporarily suspend the implementation of aggressive tariff plans in the absence of trade advisor Navarro

BlockBeats News: On April 19th, according to The Wall Street Journal, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick persuaded Trump to temporarily suspend the implementation of aggressive global tariff plans on April 9th in the absence of White House senior trade advisor Peter Navarro. According to multiple insiders, on the morning of that day, when Navarro was scheduled to meet with White House economic advisor Kevin Hassett in other areas, Besant and Lutnik seized the opportunity and quickly went to the presidential office to propose a temporary suspension of some tariffs to Trump, taking advantage of Navarro's inability to refute on the spot. Under the persuasion of the two, Trump agreed to temporarily suspend some tariffs and immediately announce them to stabilize the market. An insider said that they even waited until Trump finished posting on Truth Social before leaving, a decision that caught Navarro off guard. Trump's post sent the stock market soaring and the treasury bond bond market stabilizing. On that day, he explained that he made this decision because he noticed the "abnormal fluctuations" in the financial market, especially the warning signals in the bond market. But just a few hours ago, he posted on Truth Social urging the public to "stay calm" and suggesting that the original policy may be maintained. BlockBeats note: Peter Navarro is a senior trade advisor at the White House and a professor of economics at the University of California. Navarro was highly favored by Trump for his views on trade and served as the Director of the National Trade Commission during Trump's previous term. In 2024, he was imprisoned for four months for contempt of Congress, and at that time, Trump had told others that 'Navarro was imprisoned for me'. On April 6th this year, Navarro said in an interview with Fox that "if you don't sell your stocks, you won't lose money," which sparked a heated discussion in the market.