Who else is behind the 90-day delay of Trump's tariffs? JPMorgan's Dimon and pro Ackman surprisingly became key players.

The tariff policy of Trump, which has caused global markets to suffer, was temporarily halted on Wednesday (4/10), postponing the imposition of new tariffs for 90 days. Behind Trump's postponement were pro hedge fund mogul Bill Ackman and JP Morgan's ( CEO Jamie Dimon. In response, some Wall Street tycoons seized the opportunity to buy the dip, making 30 million dollars in a single day. However, some are hesitant to buy more, as everyone knows Trump's unpredictable nature; this "postponement" may just be the calm before the storm.

After the liberation day tariffs severely impacted the global market, Trump immediately changed his policy direction.

Trump launched the Liberation Day )Liberation Day( tariff plan on April 9, citing "unfair trade" as the reason to impose taxes on overseas imported products. After its release, it immediately sent the global financial markets "into a frenzy," potentially triggering an economic recession.

U.S. Treasury Secretary Scott Bessent also endorsed this policy during an interview on Wednesday )4/10( and strongly supported the tariff policy.

But just as the market's panic sentiment began to rise and major institutions on Wall Street started warning of an economic recession, Trump changed his policy direction a few hours later.

Hedging fund pro Ackman and JPMorgan Dimon joined forces to persuade Trump

Bill Ackman stated early on: Continuing like this will lead to an "economic nuclear explosion."

Jamie Dimon also appeared on the show to warn that inflation, borrowing costs, and unemployment will all be impacted, potentially leading to a recession.

Trump is still pretending on Truth Social that Dimon is on his side, but a few hours later he turned around and accepted Ackman's suggestion to postpone the new tariffs for 90 days. Ackman immediately tweeted )X( praising Trump's move as "textbook negotiation strategy," calling it the "Art of the Deal."

Ackman tweeted praising Trump for his outstanding "deal-making art." The Trump team is divided, with Secretary of Commerce Lutnick privately criticized by Wall Street.

Wall Street executives discuss policy details with Lutnick.

Lutnick just said some empty words: "The president knows what he is doing."

After the meeting, the executives on Wall Street were furious and directly criticized him, saying he "talks nonsense and is not constructive."

Finance Minister Bessent also indicated that he did not participate in the tariff negotiations. Therefore, Wall Street finally understands that to make Trump hear their voices, they cannot rely on insider information but must appear on television or post on social media.

Dimon appears on the show, becoming the key to changes in Trump's policies.

In response, JPMorgan's CEO Jamie Dimon was initially reluctant to show his face, but under pressure from various parties, he stated in an interview: "The market panic is justified; this round of tariffs will severely harm those involved in American lending and related sectors, and a recession will be an inevitable consequence."

At first, Trump posted on social media as if nothing was wrong, but it wasn't long before he changed his tune and praised him as a "financial genius."

The delay in tariffs has led to a major market rebound, and Goldman Sachs retracts its recession forecast.

According to reports, Goldman Sachs CEO David Solomon was on a call with clients when he saw the news and immediately called the trading supervisor asking, "How's the market right now?" The response he got was, "Everyone is relieved," and Goldman Sachs retracted its original prediction of a "recession in the United States."

According to internal data from Bloomberg, most asset trading volume scores reach "9 points", almost off the charts.

Everyone is hesitant to relax, because Trump may change his mind again.

But Wall Street has not completely relaxed, as everyone knows Trump's personality is fickle. After all, the total tariffs on Chinese goods in the U.S. are still as high as 145%, it's just that the new wave of tariffs has been postponed this time.

In this regard, industry insiders have stated: "Rather than saying everyone is celebrating, it would be more accurate to say they are drinking in silence." This is because the future may just be the calm before the storm.

This article suggests that there are others behind Trump's 90-day tariff suspension? Morgan Chase's Dimon and hedging pro Ackman surprisingly became key players, first appearing in Blockchain News ABMedia.