President Donald Trump His controversial tariff plans have doubled over the past few days due to stock market turmoil and called on Americans to “hang”.
Trump wrote in an article in Truth Social Saturday Morning that his plan has partnered with trillions of dollars that have already poured into the U.S. economy.
“We are bringing back unprecedented jobs and businesses. There has been more than $5 trillion in investment, and it’s a fast rise! It’s an economic revolution and we’re going to win,” Trump wrote.
President Donald Trump is doubling his controversial tariff plan and calling on Americans to keep classes amid the stock market turmoil in the past few days. (Andrew Harnik/Getty Images)
This is what Trump’s real tariff gambit really wants to do
The huge losses to the 500 and Nasdaq this week were the worst in the past decade as stocks fell for the second consecutive day. On Friday, the Dow Jones industrial average fell 2,231.07 points, or 5.5%, while the S&P 500 and the Nasdaq Comprehensive combined fell 5.97% and 5.82%, respectively. Nasdaq entered bear territory on Friday.
Trump imposed a 10% benchmark tariff on all imported goods entering the United States, while some countries hit higher tariffs.
But Trump remains picky and his plan will work in the long run as he aims to reduce U.S. trade deficits with other countries, protect U.S. industries and support jobs by encouraging companies to return manufacturing to the U.S.
“It’s not easy to be strong, but the end result will be historic.” “We will make America great again!!!” Trump wrote.
Trump targeted China, with a countdown to 34% tariffs on U.S. imports after the communist state announced tariffs on Trump’s liberation day.
“China’s strike is much worse than the United States’ hit rate, not even close,” Trump wrote. “Their treatment of us and many other countries is unsustainable. We have always been a “whip outpost” of stupidity and helplessness,” but no longer. ”
Trump’s 34% tariff Announced to China on Wednesday In addition to the 20% tariff already imposed on the country, it is coming.
Trump imposed a 10% benchmark tariff on all imported goods entering the United States, while some countries hit higher tariffs. (Demetrius Freeman/The Washington Post via Getty Images)
How We Arrive at Liberation Day: See Trump’s Past Comments on Tariffs
“China made a mistake, they were panicked – one thing they couldn’t afford,” Trump wrote on Friday.
People back and forth raise concerns about global trade wars and possible recessions.
According to the Wall Street Journal, the new China tariffs on the United States will take effect on April 10.
Companies that sold their goods to China were hit hard on Friday, including aerospace, agriculture and heavy equipment.
Some of the biggest losers (banks, airlines and technology companies) sank again on Friday. Others, like retailers, clothing and restaurants, all fell down, but not that bad. A few people like Nike even made a small profit on Friday.
A TV broadcasts market news on the floor of the New York Stock Exchange (NYSE), New York, New York, USA on Friday, April 4, 2025. The S&P 500 fell 5.97% on Friday, ending its worst week since Kuved. (Michael Nagle/Bloomberg via Getty Images)
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Over the past few years, the so-called 7 huge 7 stocks have taken over some of the biggest losses. Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla have lost about $1.8 trillion in market cap over the past two days.
Meanwhile, a conservative legal group is challenging President Trump’s tariffs on China, calling them “illegal attempts” that have allowed Americans to impose higher taxes on Chinese imports.
The Fox Business team and the Associated Press contributed to the report.
