Trump Urges Americans to ‘Hang Tough’ With Tariffs, Results Will Be ‘Historic’
In spite of the unfavorable depiction of the new tariff policy by Democrats and their allies in mainstream media, President Donald Trump remains committed to it.
On Saturday, Trump asserted on his TruthSocial account that his tariffs are infusing trillions of dollars into the US economy.
“We are revitalizing businesses and creating jobs like never before. Over FIVE TRILLION DOLLARS IN INVESTMENT ALREADY, and it is increasing rapidly!” the president proclaimed, “WE WILL WIN THIS ECONOMIC REVOLUTION.”
Last week, Trump enacted 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 indices plummeted to levels not witnessed in a decade, triggering a market panic.
Nevertheless, the president remained steadfast in his resolve to adhere to his chosen path.
“HANG TOUGH,” he urged, “it will not be easy, but the results will be historic.”
He stated, “We will, MAKE AMERICA GREAT AGAIN!!!” before subsequently criticizing China after Beijing retaliated by imposing a 34 percent tariff on American imports.
He asserted that China has suffered far more than the United States, claiming they have treated us in an unsustainable manner, as have numerous 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 has the potential to generate wealth for you. However, what is the reason behind his actions? It is to stimulate investment in Treasuries, which in turn pressures the Federal Reserve to lower interest rates in May. Consequently, the Fed can refinance trillions of dollars in debt at a significantly reduced cost due to these lower rates. Furthermore, this action decreases mortgage rates and diminishes the value of the dollar,” he stated.
While it may seem like a reckless chess move, it proves to be effective. The narrator continued, “What about his tariffs?” I understand your curiosity.
This strategy is exceptionally clever. In fact, it forces businesses 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, which substantially reduces grocery prices. It is important to note that 8% of Americans hold 94% of all stocks. Thus, Trump is redistributing short-term wealth from the affluent to the middle class through lower prices,” he remarked.
Nevertheless, countries are already responding positively to the newly imposed taxes.
To prevent penalizing imports from the Southeast Asian nation with additional U.S. tariffs, Trump announced on Friday morning that To Lam, the leader of Vietnam, is prepared to eliminate tariffs.
“I just had a very productive conversation with To Lam, the General Secretary of the Communist Party of Vietnam, and he conveyed to me that if an agreement can be reached with the United States, Vietnam is eager to reduce their tariffs to zero.” On behalf of our country, I expressed my gratitude and anticipation for a forthcoming meeting,” Trump wrote.
The news from the call, which Trump disseminated via social media, led to an increase in the stock prices of companies that produce some of their goods in Vietnam. For example, Nike’s stock rose by more than 4%. Earlier this week, the Trump administration enacted 46% tariffs on Vietnam. According to the Wall Street Journal, Trump mentioned on Friday that he is looking forward to a meeting with To Lam in the near future.