By L Todd Wood.

Kevin Hassett, director of the U.S. National Economic Council, said on “Squawk Box” that the volatility in the bond market was not a direct reason for the Trump tariff pause, but likely added “a little more urgency” to the decision.

“Everything was moving forward in an orderly fashion. There’s no doubt that the Treasury market yesterday made it so that the decision that, you know, it is about time to move was made with, I think, perhaps a little more urgency. But it was going to happen,” Hassett said.

After the euphoric tariff pause yesterday, which saw a massive rally in financial markets, the market looks soft today as reality of a trade war sets in.

Today Bloomberg reported Amazon began canceling orders from China and other parts of Asia after Trump's tariffs.

Interest rates however continue to fall, as Trump removed the uncertainty yesterday and the fear from the market psyche.

Reports Japan was selling yesterday have eased and the 10 year bond continued its renewed downward yield trajectory, currently trading at around 4.3%.

European Commission President Ursula von der Leyen announced a 90-day postponement of the EU's countermeasures against Trump's tariffs

Kevin O'Leary wants 400% tariffs on China.

The elephant in the room is -- can Xi Jinping stay in power now that the CCP's business model has been broken?

China looks to initiate more trade with Europe in response to Trump's raising tariffs to 125%

Delta halts Airbus orders as new 20% tariff makes 'the numbers not work', declared the Delta CEO.

Gold is gaining this moring as a safe store of value, while crypto sells off. Equities are weak as well.

L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.