The reason why the market misunderstands Trump's "softening": mistakenly interpreting modal words as affirmative sentences
2025-04-07 15:52:06
Hassett, director of the National Economic Council, was interviewed on Fox News. Asked by host Jimmy if Trump would consider suspending tariffs for 90 days, Hassett said the word "Yep" (yes) before answering, and then said: I think the president will make his decision... even if you think there will be some negative impact on trade, it's only a small part of GDP. Financial blog Zero Hedge explained that the market seems to have misunderstood Yep as agreeing, but he just wanted to show that he heard the question. (Jin Ten)
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