The news is just in - after all the bluster and the boasting, Trump finally noticed that not all was going swimmingly with his tariffs on the entire world, and he has hit the pause button. For everyone save China, because he can't abide the idea of backing down. But this comes just a day after the full ugliness of this extortion attempt was on show for all to see - and the damage to the idea that the United States treasuries might be the world's safe haven has already been done. So is the backtrack - even if it should become permanent - too late? Let's discuss.