The bond rates skyrocketed so they thought they had to do something to address that, since refinancing the debt at a lower rate is a huge objective (they were left with a flaming bag of short term treasuries from the previous admin- that rollover this year)
Also a prolonged period of uncertainty (differing tariff rates and drawn out negotiations) would tank stocks and probably send the economy into recession.
So much of this stuff is perception and public sentiment. Our country is generally soft and can't handle much pain, so the shrieking would've grown louder by the day.
They will spin it however they can to save face. Some production will reshore, we will ween off of Chinese imports, money printer will go brrrr, and #bitcoin will rocket to mars
My 2 cents