Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’ NYT | Top Stories By: Tyler Pager, Maggie Haberman, Ana Swanson and Jonathan Swan 10 April 2025 at 08:49 Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies. © Eric Lee/The New York Times“I know what the hell I’m doing,” President Trump said during his address to the National Republican Congressional Committee in Washington on Tuesday night.