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 on his TruthSocial account that his tariffs are infusing trillions of dollars into the US economy.
He emphasized, ‘We are revitalizing businesses and creating jobs like never before. Over FIVE TRILLION DOLLARS IN INVESTMENT ALREADY, and it is rapidly increasing! WE WILL WIN THIS ECONOMIC REVOLUTION.’ Last week, Trump implemented a base tariff of 10 percent on all imports, with increased rates for specific countries.
This announcement caused the DOW Jones and S&P 500 to plummet to levels not seen in a decade, triggering a market panic. Nevertheless, the president is steadfast in his resolve to follow through with his strategy.
‘HANG TOUGH,’ he urged, ‘it won’t be easy, but the outcome will be historic.’ He proclaimed, ‘We will MAKE AMERICA GREAT AGAIN!!!’ and subsequently criticized China after it retaliated with a 34 percent tariff on American imports. He argued that China has suffered far greater losses than the United States, stating that they have treated the US in an unsustainable manner, and that the US is no longer the naive and defenseless ‘whipping post.’
He suggested that China has misjudged the situation and panicked, which is a critical error on their part. In a TikTok video shared on his TruthSocial account, Trump claimed he was intentionally causing a downturn in the stock market.
President Trump is deliberately instigating a 20% decline in the stock market this month. According to the narrator of the video, Warren Buffett has recently stated that Trump is making the most astute economic decisions he has observed in over half a century.
He is engaging in a covert strategy that could potentially lead to significant wealth accumulation for individuals. But what motivates his actions? It is to direct capital into Treasuries, which in turn pressures the Federal Reserve to reduce interest rates in May.
This reduction allows the Fed to refinance trillions of dollars in debt at a minimal cost, while also decreasing mortgage rates and diminishing the value of the dollar. Although this may seem like a reckless strategy, it proves to be effective. The narrator further questioned, ‘What about his tariffs?’ This is indeed a clever maneuver.
It compels businesses to establish operations domestically to evade these tariffs. As evidenced by the situation with eggs, it also incentivizes 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.
Countries are responding positively to the newly implemented taxes. To prevent imposing additional U.S. duties on imports from Southeast Asia, President Trump announced on Friday that To Lam, the leader of Vietnam, is prepared to eliminate tariffs. “I had a productive conversation with To Lam, the General Secretary of the Communist Party of Vietnam, who indicated that Vietnam is willing to reduce their tariffs to zero if an agreement with the United States can be reached.
I expressed my gratitude on behalf of our nation and conveyed my anticipation for a forthcoming meeting,” Trump stated. The announcement of the call, shared by Trump on social media, led to an increase in stock prices for companies that produce some of their goods in Vietnam, with Nike’s stock rising by over 4%.
Earlier this week, the Trump administration had imposed tariffs of 46% on Vietnam. According to the Wall Street Journal, Trump expressed his eagerness 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.
