Fox News Host Admits Trump Capitulated on Tariffs Due to Bond Market

Gasparino's Admission on Tariffs

• 🎙️ Fox News correspondent Charlie Gasparino acknowledged that Donald Trump capitulated on tariffs, rather than foreign nations.
• 💡 Gasparino stated this admission pained him, but his sources indicated the White House capitulated due to pressure from the bond market.
• 📉 Rising yields on the ten-year bond to five percent caused economic shutdowns, influencing the decision.

Japan's Role in Bond Market Pressure

• 🇯🇵 Gasparino's sources revealed that Japan, a major money management firm involved in the bond market, was dumping bonds.
• ⚠️ This action by Japan indicated they believed the US was not a great place to do business, forcing the White House's hand.
• 🤝 While Trump may have framed it as taking a win, the primary driver was the bond market's reaction.

TikTok Ban and Geopolitical Tensions

• 🚫 Gasparino believes a TikTok ban is inevitable, stating, "TikTok's going bye-bye."
• 🇺🇸 He noted that increased tensions with China make a TikTok saving bill unlikely.
• 🎭 The decision is influenced by Trump's desire to hurt China, overriding other considerations.

Other Political Developments

• 🏛️ An appeals court has ruled that the Trump administration can fire probationary federal workers.
• 💰 A budget bill is growing in importance, with increased funding for the military, despite expectations of cuts.
• 👤 FBI Director Cash Patel has been replaced as acting head of the ATF by Army Secretary Driscoll.