
Donald Trump insisted on Friday that the US is doing “really well” on its new tariff policy and calling the Times exciting for America and the world.
“We are doing really well on our tariff policy. Very exciting for America and the world !!! It moves quickly,” he said in his contribution to his social platform Truth Social.
Donald Trump’s comments come at a time when economists and experts have marked a trade war due to tariffs that can have a significant impact on the global economy.
The first breath of the trade wars was felt a few days ago when China deposited a retaliation tariff of 34 percent and later increased it to 125 percent after America moved to go to Earth to 145 percent.
The ongoing fiasco of tariffs in the US-Chinese has increased bets in a trade war that threatens global supply chains.
China’s retaliation has intensified economic unrest relaxed by trump tariffs, which recorded the markets of tumbling and foreign leaders wondered how to respond to the greatest disturbance of the world business order in decades.
Markets fall, gold reaches historically high
American markets opened on Friday below. The Dow Jones industrial average dropped to open 100.2 points, while the S&P 500 dropped 12.5 points in the opening bell.
Meanwhile, rising gold price, falling value of the US dollar and movements on other financial markets indicate more fear in the middle of investors because the trade war between the US and China is increasing.
We are holding us on a narration
The US, however, kept its narrative about the positive result of Trump’s tariffs, while Donald Trump came up with his latest post.
The administration also quoted its discussions with a number of countries about new trade agreements, which are said to be his dramatic shocks in the field of politics.
According to analysts cited by Reuters, however, the war between us and China practically makes trade impossible.
Trump’s administration downplayed market riots and claimed that noticeable agreements with other countries would bring certainty.
American business official Greer said he would talk to his Israeli and Taiwanese counterparts on Friday after a long discussion with Vietnamese earlier.
“I have a full dance card,” Greer said in an interview with Fox News.
On the other hand, India and the US have completed the reference conditions for conversations on the first segment of a bilateral trade agreement, an Indian business official was quoted as Reuters said.
(Tagstotranslate) Donald Trump