Forget the 20-20 solution. He took the full-retreat option on tariffs. Well, almost full retreat. He’s still going after China. … The WSJ and NYT have more on the big tariffs flip-flop. …  From CNBC, the Orwellian spin attempt: “White House insists Trump’s tariff reversal was his strategy all along.” … Riiiiiight. …

This is going to wound Trump. He looks weak and fickle. …. I can’t think of a bigger setback for him since 2016. Well, OK, there was the 2020 pandemic and election loss. But this was a totally self-inflicted wound, a complete misjudgment of how world markets would react to his tariffs. … Democrats must be loving this. Finally, a victory! … And practically every other nation in the world is getting a good guffaw out of this. … Btw: Is he blaming anyone yet? Jerome Powell is my go-to guess.

Update — 3:55 p.m. – Fox News hasn’t found its tariffs-reversal footing yet. As every other news organization in the world covers the biggest story in the world, Fox is covering some forgettable coal-energy hearing on Capitol Hill. … Wait … It just hit 4 p.m., top of the hour, and, yes, Fox is covering Trump’s signing of new executive orders related to Pentagon procurement and ocean cargo vessels.

Update II — 4.10.25 – I should have known. He’s blaming Biden and Obama.

Update III — 4.11.25 – From the WSJ’s Peggy Noonan: “Trump’s Climbdown for the Ages.” Here’s the subhead on her column: “The president has started scaring members of his base, and there’s life in the establishment yet.” …