Ben Shapiro Says Trump's Tariff Reversal Wasn't 4D Chess – 'It Was Just People Getting Yippy And Bond Markets Getting Queasy'
Stocks didn't just stumble—they cratered. From April 3 to April 8, the S&P 500 slid 12%, the Nasdaq Composite dropped 13%, and the Dow Jones Industrial Average fell 11% as investors digested President 's sweeping "Liberation Day" tariffs.
After the rout, Trump stepped into the White House press briefing room on April 9 and paused most levies for 90 days.
One day later, commentator Ben Shapiro told listeners of "The Ben Shapiro Show" that the U‑turn had nothing to do with "4‑D chess." Instead, he said, "it was just people getting yippy and bond markets getting queasy."
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Trump announced a 10% tariff on some imports and a hefty 145% tariff specifically on Chinese goods during a speech in Washington on April 2.
Those headline figures, paired with warnings from economists, fed the week‑long sell‑off Business Insider chronicled, while The Guardian traced the China tariff to the administration's "America First" reset.
By April 8, bond traders were in full retreat. The 10‑year Treasury yield jumped to 4.26%, its sharpest three‑day climb since 1982, Reuters reported. Higher yields pushed up borrowing costs and amplified worries that tariff‑driven inflation would hit households already wrestling with rising prices.
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The Wall Street Journal reported within minutes, futures turned green, and by the closing bell the S&P 500 had rebounded 9.5% while the Nasdaq soared 12.2%.
Shapiro replayed Trump's explanation—"people were getting yippy... bond markets getting queasy"—and laughed at claims of hidden strategy.
Institutional investors echoed the skepticism. On April 17, PIMCO said recent U.S. trade policies were weakening the dollar's traditional safe-haven appeal, prompting the firm to recommend trimming exposure to long-dated Treasuries in favor of global alternatives.
Global institutions also flagged risks. International Monetary Fund Managing Director Kristalina Georgieva said April 3 in a statement that newly announced U.S. tariffs "represent a significant risk to the global outlook at a time of sluggish growth," urging the U.S. and its trading partners to resolve tensions and avoid steps that could "further harm the world economy."Academic models suggest the U.S. economy could face significant domestic costs from the tariffs. According to the Yale Budget Lab, Trump's tariff package— combined with anticipated foreign retaliation — could reduce U.S. real GDP growth by 1.1 percentage points and result in 740,000 fewer payroll jobs by December.
Lawmakers sensed an opening. Time reported April 10 that Sen. Adam Schiff (D‑CA) called for an insider‑trading probe to see whether anyone profited from advance knowledge of the pause, a step backed by several House Democrats .
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This article Ben Shapiro Says Trump's Tariff Reversal Wasn't 4D Chess – 'It Was Just People Getting Yippy And Bond Markets Getting Queasy' originally appeared on Benzinga.com
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Black America Web
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For some on the internet – presumably those who struggle with critical thinking – this site caused them to question whether Megan was even shot at all. This, despite Megan telling us years ago on the internet and later in trial that she initially tried to protect Tory, her shooter, from police, by saying that she wasn't shot. There is also the photographic evidence of her foot being shot that was presented in court. BECAUSE HE SHOT HER. 🚨: New developments in the Tory Lanez case have surfaced during a FOX 11 Los Angeles live stream. Kelsey Harris's bodyguard has reportedly come forward, claiming that Kelsey Harris, not Tory Lanez, allegedly was the one who 💥 Megan. He wanted to come clean about the truth — Boochie is the Name (@stoppfeenin) May 14, 2025 All this site does is repackage the same claims made a month ago at the press conference his lawyers held that generated a lot of buzz in the he-man woman-hating corners of the internet, but didn't make any kind of noise in a courtroom. Megan's attorney, Alex Spiro, quickly dismissed claims made on the site by Tory and his legal team. 'Tory Lanez's team can't keep a story straight.' Spiro said. 'Last week, they argued that Kelsey Harris shot Megan and now, they're claiming that Megan only stepped on glass. They continue to rehash old evidence from trial and re-package it as new information to desperately sway public opinion.' Additionally, Meg's legal team released a 31-page presentation countering Tory's claims, stressing how, again , much of this so-called new evidence was already presented at trial. 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