US President Donald Trump in the middle of a deepening reduction in the global market caused by its extensive new tariff policies took the social media on Monday (April 7) to call on the Americans to remain resistant and ignore the panic rippling through the stock markets.
“The United States has a chance to do something that should be done decades ago,” Trump wrote. “Don’t be weak! Don’t be stupid! Don’t be a panican (a new party based on weak and stupid people!). Be strong, courageous and patient and size will be the result!”
Tariffs spark the fear of the investor
The pacing follows Trump’s introduction of a wide new tariff regime, which includes 10% of the basic tariff on all imported goods and steeper sanctions for countries with large trade surpluses. China, already below 20% tariff, was hit by another 34% duty, which increased 44%.
“Hard but fair” business conversations are going on
Despite market turbulence, Trump He doubled his political directions and claimed that countries around the world are now dealing with the US on new trade conditions. Specifically, he called Japan and said he spoke to Prime Minister Fumio Kishida on the day.
“He talked to the Japanese Prime Minister this morning. He sends the best team to negotiate! They treated the US very badly to the store. They don’t take our cars, but we take millions of theirs,” Trump said. “Everything has to change, but especially with China !!!”
China will retreat with steeper tariffs
Trump also dealt with the reaction of China to its tariffs and noted that Beijing had put another 34%on US goods.
“China, whose markets have collapsed, has just increased its tariffs by 34%, except for its long -term ridiculously high tariffs (plus!),” He wrote. “They have earned enough for decades, using a good OL ‘US!”
Trump dredges inflationary concerns
Despite Trump’s market concerns, Trump insisted that the US economy remained strong.
“Oil prices are falling, interest rates are falling (slowly moving feed should reduce rates!), Food prices are falling, there is no inflation,” Trump claimed. “A long US abuse time brings billions of dollars a week from abusing countries to tariffs that are already introduced.”
(Tagstotranslate) Donald Trump on stock markets fell
