Odaily Planet Daily News Trump announced the suspension of tariff policy last night, causing violent market fluctuations. By compiling media information, the timeline behind the event is as follows:
At 9:33 a.m. local time, Trump posted on Truth Social, asking everyone to "keep calm", and then added that "now is a good time to buy."
At the same time, U.S. Commerce Secretary Lutnick received a call from Maros Sefcovic, the EU's top trade official, and the EU approved countermeasures against U.S. steel and aluminum tariffs that day.
By noon on Wednesday, Lutnick had sat in the Oval Office of the White House with U.S. Treasury Secretary Bessant and began to discuss the latest tariff policy with Trump.
At 1:18 p.m., Trump announced the decision to suspend tariffs on Truth Social.
It is reported that this sudden turn even caught some high-level officials off guard. After Trump posted the post, his assistants immediately stood up to discuss how to proceed, and Bessant and White House Press Secretary Levitt quickly held a press conference.
After announcing the suspension of tariffs, Trump told reporters that he had been considering changing course over the past few days and the final decision "may have been made early this morning." (Wall Street News)
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