The decision of US President Donald Trump to suspend the increased duties for 90 days was made after Japan began selling off US government bonds en masse, which led to a collapse in the market. This is reported by The New York Post newspaper with reference to the CEO of a large financial institution.
"At first they thought it was selling out China. But it was a friendly country to us — Japan, which sold bonds in huge quantities and thereby raised interest rates to a dangerous level. I was told that such instability clearly made an impression on (US Treasury Secretary Scott) Bessent," said a source quoted by Strana.
Japan's sale of government bonds led to a collapse in the US government debt market on Tuesday evening. Panic rose when the yield on government bond interest rates soared sharply.
"The higher the interest rates, the higher the cost of servicing the national debt, the more difficult it is to finance social security, etc. After the suspension of duties, the bond market began to calm down," the newspaper notes.
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