Trump Urges Americans to ‘Hang Tough’ With Tariffs, Results Will Be ‘Historic’
Despite the unfavorable depiction of the new tariff policy by Democrats and their allies in mainstream media, President Donald Trump remains committed to it.
Trump asserted that his tariffs are generating trillions of dollars for the US economy in a post on his TruthSocial account on Saturday.
“Like never before, we are revitalizing businesses and creating jobs. Over FIVE TRILLION DOLLARS IN INVESTMENT ALREADY, and it is increasing rapidly!” the president proclaimed, “WE WILL WIN THIS ECONOMIC REVOLUTION.”
Last week, Trump implemented a base tariff of 10 percent on all imports, with elevated rates imposed on specific countries. Following this announcement, the DOW Jones and S&P 500 both fell to levels not seen in a decade, triggering a panic in the stock market.
Nevertheless, the president remained steadfast in his resolve to adhere to his chosen path.
“HANG TOUGH,” he urged, “it won’t be easy, but the results will be historic.”
He stated, “We will, MAKE AMERICA GREAT AGAIN!!!” before criticizing China in a follow-up post after Beijing retaliated by imposing a 34 percent tariff on American imports.
He asserted that China had suffered far more than the United States. They have treated us in an unsustainable manner, as have many other nations. We are no longer the foolish and defenseless “whipping post.”
He contended that China had misjudged the situation and panicked, which was the one thing they could not afford to do.
In a TikTok video shared on his TruthSocial account earlier, Trump claimed to be deliberately crashing the stock market.
“Trump is intentionally causing a 20% stock market crash this month. This is why, according to the video’s narrator, Warren Buffett recently stated that Trump is making the best economic decisions he has seen in over 50 years.
He is engaged in a covert game that could potentially lead to significant wealth. However, one might question his motives. The intention is to direct funds into Treasuries, which in turn pressures the Federal Reserve to lower interest rates in May. This allows the Fed to refinance trillions of dollars in debt at a minimal cost due to the reduced rates. Furthermore, it results in decreased mortgage rates and a depreciation of the dollar,” he remarked.
While this strategy may seem unconventional, it proves to be effective. The narrator continued, “What about his tariffs?” I understand your curiosity.
This is a clever maneuver. In fact, companies are incentivized to establish operations domestically to circumvent these tariffs. As evidenced by the situation with eggs, it also encourages farmers to increase their sales within the United States, leading to a significant reduction 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 lower prices,” he stated.
Nevertheless, countries are already responding positively to the newly imposed taxes.
To prevent imposing new U.S. tariffs on imports from the Southeast Asian nation, Trump announced on Friday morning that To Lam, the leader of Vietnam, is open to eliminating tariffs.
“I just had a very productive conversation with To Lam, the General Secretary of the Communist Party of Vietnam, and he conveyed that if an agreement can be reached with the United States, Vietnam is willing to reduce their tariffs to zero.” On behalf of our country, I expressed my gratitude and eagerness for a forthcoming meeting,” Trump wrote.
The news from the call, which Trump shared via social media, led to an increase in the stock prices of companies that manufacture some of their products in Vietnam. For example, Nike’s stock rose by more than 4%. Earlier this week, the Trump administration had imposed 46% tariffs on Vietnam. According to the Wall Street Journal, Trump mentioned on Friday that he is looking forward to meeting with To Lam soon.
Despite the ongoing economic uncertainty caused by Trump’s tariff policies, the U.S. economy experienced growth in March and generated jobs at a faster rate than in February.
On Friday, the Labor Department announced that employers added 228,000 new jobs in March, surpassing the 135,000 forecasted by LSEG economists.