90 Grassroots team? Media revelations: Behind the "90-day pause" to save the market, it was actually Bezent's "luring the tiger off the mountain" with Navarro, making Trump's decision irreversible.

date
19/04/2025
avatar
GMT Eight
According to reports, on the morning of April 9, when Navarro was scheduled to meet with economic advisor Hassett at another location in the White House, Benson and Lutnick quickly went to the Oval Office to propose a partial tariff suspension to Trump, and then publicly announced this outside the White House. According to media revelations, as early as late March, Benson and Navarro had a heated argument over tariffs in the White House chief of staff's office. Behind Trump's announcement of tariff suspension is a "palace intrigue"? After the Trump administration's "equal tariffs" took effect on the 9th, a dramatic scene unfolded. According to the Global Times citing foreign media reports, Trump announced a 90-day tariff suspension for countries that do not take retaliatory action, which caused the struggling financial markets to be "pleasantly surprised", with stocks and bonds rising sharply on that day. Ten days later, media revealed the details of that day: it was a "coup" orchestrated by Benson and Lutnick, taking advantage of the temporary absence of Trump's hardliner advisor Peter Navarro. Did Benson use "lure the tiger off its mountain" tactic against Navarro? On April 9, when the "equal tariffs" officially took effect and caused chaos in the financial markets, US Treasury Secretary Benson and Commerce Secretary Lutnick decided to take action, but their biggest obstacle was Navarro, a trade advisor to Trump and a staunch supporter of tariffs. Navarro has always had a strong stance on tariff policy. Since Trump announced the "equal tariff" policy on April 2, Navarro has often appeared near the Oval Office in the White House. Therefore, according to multiple sources cited by the media, on the morning of April 9, when Navarro was scheduled to meet with economic advisor Kevin Hassett at another location in the White House, Benson and Lutnick took action. Reports say that in Navarro's brief absence, Benson and Lutnick rushed to the Oval Office to meet with Trump and propose a partial tariff suspension to calm the market, even though this meeting was not on Trump's schedule. According to an insider, they stayed until Trump's social media post caused a surge in the stock market, and then Benson and White House press secretary Caroline Levitt quickly moved to the cameras outside the White House to announce this news. To further corroborate this revelation, the Global Times cited a US media report on the 14th, saying that even before the announcement of the "equal tariffs" on April 2, there were serious disagreements within the Trump administration over tariff policy. The report stated that as early as late March, Benson and Navarro had a dispute in White House Chief of Staff Susan Wells' office. According to multiple sources, Navarro advocated a unified 25% tariff on $3 trillion worth of imported goods, while Benson, a former Wall Street investor, warned that this would cause market turmoil and outlined various risk scenarios. The report said that the heated exchange continued. US economic credibility being consumed in repeated changes According to the report from Guancha News, many American commentators used words like "dizzying", "hair-raising", and "panic" to comment on the rapid changes in US tariff policy. "For someone who claims to be a trading master, this is an interesting business. But this leaves a huge uncertainty for the entire summer..." The US's credibility is being consumed in every "flip-flop". Former US Treasury Secretary Summers recently posted on X, saying that "reckless improvisation" cannot be called a strategy. "A large amount of credibility has been lost, one should be fearful." Even some American public opinion suspects that Trump and his "inner circle" are manipulating the stock market, engaging in insider trading to profit. Before the US stock market surged on the 9th, Trump had called for buying on social media, and his company's stock price doubled that day, outperforming the market. Ernie Tedeschi, director of the Yale University's Budget Lab, said, "We see a lot of market turmoil related to the uncertainty caused by tariff policy. Businesses and consumers don't know what the tariff rate will be in an hour. In this environment, how can you invest or make plans for the future?" This article is from "Wall Street Watch", author: Li Xiaoyin; GMTEight Editor: Song Zhiying.

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