> From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. The "executive branch" is Trump. Every

> From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. The "executive branch" is Trump. Everyone else is just running around making up excuses for whatever his last decision was. The "goal" is whether Trump feels like (not) having tariffs and whatever value he feels they should be. There is no "they": it's just Trump (or maybe whomever he last spoke to that could change mind).