On April 10th, Trump announced a suspension of tariff policies last night, triggering significant market volatility. By compiling media information, the behind-the-scenes timeline of this event is as follows:
At 9:33 AM local time, Trump posted on Truth Social, telling everyone to "stay calm," and then added that "now is a good time to buy."
Meanwhile, US Secretary of Commerce Ruttnik received a call from EU's top trade official Maros Sefcovic, with the EU approving countermeasures against US steel and aluminum tariffs that day.
By noon on Wednesday, Ruttnik was already sitting in the White House Oval Office with US Treasury Secretary Besent, discussing the latest tariff policy with Trump.
At 1:18 PM, Trump announced the decision to postpone tariffs on Truth Social.
It is reported that this sudden turn even caught some high-level officials off guard. After Trump's post, his assistants immediately convened to discuss next steps, with Besent and White House Press Secretary Levitt quickly holding a press conference.
After announcing the tariff postponement, Trump told reporters that he had been considering changing course over the past few days, with the final decision "possibly made early this morning." (Wall Street Insight)
