Despite the negative portrayal of the new tariff policy by Democrats and their supporters in the traditional media, President Donald Trump is not abandoning it.
Trump claimed that his tariffs are bringing trillions of dollars into the US economy in a post on his TruthSocial account on Saturday.
“Like never before, we are reviving businesses and jobs. Over FIVE TRILLION DOLLARS IN INVESTMENT ALREADY, and growing quickly! The president declared, “WE WILL WIN THIS ECONOMIC REVOLUTION.”
Trump imposed a base tariff of 10 percent on all imports last week, with higher levies applied to certain countries. The DOW Jones and S&P 500 both dropped to levels not seen in ten years as a result of the announcement, which sent the stock market into a panic.
However, the president remained resolute in his determination to stick to his chosen course.
“HANG TOUGH,” he said, “it won’t be easy, but the outcome will be historic.”
He declared, “We will, MAKE AMERICA GREAT AGAIN!!!” before criticizing China in a subsequent post after Beijing retaliated by imposing a 34 percent tariff on American imports.
He claimed that China had been hit far more severely than the United States. They have treated us in an unsustainable manner, as have many other countries. We have no longer been the stupid and defenseless “whipping post.”
He claimed that China had miscalculated and panicked, which was the one thing they could not afford to do.
Trump claimed to be purposefully crashing the stock market in a TikTok video that he posted to his TruthSocial account earlier.
“Trump is intentionally causing a 20% stock market crash this month. This is why, according to the video’s narrator, Warren Buffett recently declared that Trump is making the best economic decisions he has witnessed in more than 50 years.
He’s playing this secret game, and it has the potential to make you wealthy. But why is he acting in this way? to encourage money into Treasuries, which compels the Fed to cut interest rates in May. The Fed can then refinance trillions of dollars’ worth of debt at a very low cost thanks to the lower rates. Additionally, it lowers mortgage rates and devalues the dollar,” he said.
Although it’s a crazy chess move, it’s effective. The narrator went on, “What about his tariffs?” I know you’re wondering.
It’s a brilliant play. In fact, businesses are compelled to build here in order to avoid them. As we’ve already seen with eggs, it also pushes farmers to sell more of their goods in the United States, which lowers grocery prices significantly. Now, keep in mind that 8% of Americans own 94% of all stocks. Therefore, Trump is taking short-term wealth from the wealthy and giving it to the middle class in the form of lower prices,” he said.
However, nations are already reacting favorably to the new taxes.
In order to avoid punishing the Southeast Asian country’s imports with new U.S. duties, Trump announced Friday morning that To Lamis, the leader of Vietnam, is willing to remove tariffs.
“I just had a very fruitful call with To Lam, the General Secretary of the Communist Party of Vietnam, and he informed me that if they can reach an agreement with the United States, Vietnam wants to reduce their tariffs to zero.” On behalf of our nation, I thanked him and expressed my eagerness for a meeting soon,” Trump wrote.
The call’s news, which Trump shared on social media, caused stocks of businesses that manufacture some of their products in Vietnam to rise. For instance, Nike’s stock increased by over 4%. Earlier this week, the Trump administration imposed 46% tariffs on Vietnam. According to the Wall Street Journal, Trump stated on Friday that he was looking forward to meeting with To Lam soon.
In spite of further economic uncertainty brought on by Trump’s tariff policies, the U.S. economy expanded in March and added jobs more quickly than it did in February.
On Friday, the Labor Department reported that employers created 228,000 new jobs in March, exceeding the 135,000 predicted by LSEG economists.
