Trump tariff pause comes as trade war risks becoming 'financial war'

Investors worry that countries could target bonds and currencies to cause harm

20250410N NYSE trader

Global money tends to flow in to Treasurys in times of crisis, but investors are now selling them off. © Reuters

TAKESHI KAWANAMI

WASHINGTON -- U.S. President Donald Trump's decision on Wednesday to halt most of his reciprocal tariffs after just 13 hours was due to the triple whammy of market turmoil for stocks, the dollar and even U.S. Treasurys, whose status as a safe haven asset was called into question.

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