Despite the unfavorable depiction of the new tariff policy by Democrats and their allies in mainstream media, President Donald Trump remains committed to it.
In a post on his TruthSocial account on Saturday, Trump asserted that his tariffs are contributing trillions of dollars to the US economy.
For the first time, we are revitalizing enterprises and employment opportunities. With investments exceeding FIVE TRILLION DOLLARS and increasing rapidly, the president proclaimed, “WE SHALL SUCCEED IN THIS ECONOMIC REVOLUTION.”
Last week, Trump enacted a foundational tariff of 10 percent on all imports, with increased rates imposed on specific nations. Consequently, the DOW Jones and S&P 500 experienced declines to levels not observed in a decade, triggering a state of panic within the stock market.
Nevertheless, the president remained steadfast in his commitment to adhere to his selected path.
“Persevere,” he stated, “the journey will be challenging, yet the result will be momentous.”
He stated, “We shall MAKE AMERICA GREAT AGAIN!!!” before addressing China’s actions in a later post, following Beijing’s response of implementing a 34 percent tariff on American goods.
He asserted that China has suffered significantly more than the United States. Their treatment of us, along with that of several other nations, has been unsustainable. We are no longer the naive and vulnerable ‘whipping post.’
He asserted that China had made a significant miscalculation and reacted with undue alarm, an error they could ill afford.
This month, Trump is deliberately instigating a 20% decline in the stock market. The narrator of the video explains that Warren Buffett has recently stated that Trump is making the most prudent economic choices he has observed in over half a century.
He is engaged in a covert strategy that could lead to significant wealth accumulation. However, one might question his motives: to stimulate investment in Treasuries, thereby prompting the Federal Reserve to reduce interest rates in May. This reduction allows the Fed to refinance trillions of dollars in debt at minimal costs, while also decreasing mortgage rates and diminishing the value of the dollar, as he explained. Although this may seem like a reckless maneuver, it proves to be effective.
The narrator continued, ‘What about his tariffs?’ I understand your curiosity. It is a shrewd tactic. In fact, it forces companies to establish operations domestically to evade these tariffs. As evidenced by the situation with eggs, it also encourages farmers to increase their sales within the United States, leading to a notable decrease in grocery prices. It is important to note that 8% of Americans hold 94% of all stocks. Consequently, Trump is redistributing short-term wealth from the affluent to the middle class through reduced prices, he stated.
Nevertheless, countries are responding positively to the newly implemented taxes.
To prevent imposing additional U.S. duties on imports from the Southeast Asian nation, President Trump declared on Friday morning that To Lamis, Vietnam’s leader, is prepared to eliminate tariffs.
I recently had a productive conversation with To Lam, the General Secretary of the Communist Party of Vietnam, during which he conveyed that Vietnam is interested in reducing their tariffs to zero if an agreement can be reached with the United States. On behalf of our nation, I expressed my gratitude and my anticipation for a forthcoming meeting,” Trump stated.
The announcement of the call, which Trump shared via social media, led to an increase in the stock prices of companies that produce some of their goods in Vietnam, with Nike’s stock rising by more than 4%. Earlier this week, the Trump administration had imposed tariffs of 46% on Vietnam. According to the Wall Street Journal, Trump mentioned on Friday that he is eager to meet with To Lam soon.
Despite the additional economic uncertainty stemming from Trump’s tariff policies, the U.S. economy showed growth in March, adding jobs at a faster rate than in February.
On Friday, the Labor Department reported that employers created 228,000 new jobs in March, surpassing the 135,000 jobs forecasted by LSEG economists.
