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.<\/p>\n
Trump claimed that his tariffs are bringing trillions of dollars into the US economy in a post on his TruthSocial account on Saturday.<\/p>\n
\u201cLike never before, we are reviving businesses and jobs. Over FIVE TRILLION DOLLARS IN INVESTMENT ALREADY, and growing quickly! The president declared, \u201cWE WILL WIN THIS ECONOMIC REVOLUTION.\u201d<\/p>\n
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.<\/p>\n
However, the president remained resolute in his determination to stick to his chosen course.<\/p>\n
\u201cHANG TOUGH,\u201d he said, \u201cit won\u2019t be easy, but the outcome will be historic.\u201d<\/p>\n
He declared, \u201cWe will, MAKE AMERICA GREAT AGAIN!!!\u201d before criticizing China in a subsequent post after Beijing retaliated by imposing a 34 percent tariff on American imports.<\/p>\n
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 \u201cwhipping post.\u201d<\/p>\n
He claimed that China had miscalculated and panicked, which was the one thing they could not afford to do.<\/p>\n
Trump claimed to be purposefully crashing the stock market in a TikTok video that he posted to his TruthSocial account earlier.<\/p>\n
\u201cTrump is intentionally causing a 20% stock market crash this month. This is why, according to the video\u2019s narrator, Warren Buffett recently declared that Trump is making the best economic decisions he has witnessed in more than 50 years.<\/p>\n
He\u2019s 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\u2019 worth of debt at a very low cost thanks to the lower rates. Additionally, it lowers mortgage rates and devalues the dollar,\u201d he said.<\/p>\n
Although it\u2019s a crazy chess move, it\u2019s effective. The narrator went on, \u201cWhat about his tariffs?\u201d I know you\u2019re wondering.<\/p>\n
It\u2019s a brilliant play. In fact, businesses are compelled to build here in order to avoid them. As we\u2019ve 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,\u201d he said.<\/p>\n
However, nations are already reacting favorably to the new taxes.<\/p>\n
In order to avoid punishing the Southeast Asian country\u2019s imports with new U.S. duties, Trump announced Friday morning that To Lamis, the leader of Vietnam, is willing to remove tariffs.<\/p>\n
\u201cI 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.\u201d On behalf of our nation, I thanked him and expressed my eagerness for a meeting soon,\u201d Trump wrote.<\/p>\n
The call\u2019s news, which Trump shared on social media, caused stocks of businesses that manufacture some of their products in Vietnam to rise. For instance, Nike\u2019s 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.<\/p>\n
In spite of further economic uncertainty brought on by Trump\u2019s tariff policies, the U.S. economy expanded in March and added jobs more quickly than it did in February.<\/p>\n
On Friday, the Labor Department reported that employers created 228,000 new jobs in March, exceeding the 135,000 predicted by LSEG economists.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. \u201cLike never before, we are reviving businesses […]<\/p>\n","protected":false},"author":1,"featured_media":6950,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-6949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/posts\/6949"}],"collection":[{"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/comments?post=6949"}],"version-history":[{"count":1,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/posts\/6949\/revisions"}],"predecessor-version":[{"id":6951,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/posts\/6949\/revisions\/6951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/media\/6950"}],"wp:attachment":[{"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/media?parent=6949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/categories?post=6949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsintime.net\/index.php\/wp-json\/wp\/v2\/tags?post=6949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}