Trump hits the golf direction because the inventory market plummets for a 2nd straight day over tariffs
Creator of the article:
Associated Press
Fatima Hussein And Chris Megerian
Published Apr 04, 2025 • 3 minute read
WEST PALM BEACH, Fla. (AP) — Two days after sending the financial system reeling by announcing widespread tariffs, President Donald Trump insisted his commerce policies will now not ever commerce as he remained ensconced in a bubble of wealth and vitality in Florida.
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He awoke on Friday morning at Mar-a-Lago, his non-public membership in Palm Seaside, and headed to his nearby golf direction a few miles away after writing on social media that “THIS IS A GREAT TIME TO GET RICH.”
Several supporters stood on the sidewalk as Trump, carrying his signature red “Bag America Big Again” hat and white polo shirt, glided down a boulevard lined with palm bushes. They waved to him and he waved help, section of a ritual that plays out each and every weekend that he’s in town.
The Republican president was now not expected to appear publicly, even supposing he’s scheduled to abet a candlelit dinner for MAGA Inc., an allied political organization, on Friday night. He spent Thursday in Miami at a definite one of his golf programs, where he attended a Saudi-funded tournament. He landed in Marine One and was picked up in a golf cart driven by his son Eric.
Trump has recurrently proved impervious to the roughly scandals or gaffes that may per chance well harm one more politician, nonetheless his resolution to expend the weekend at his gilded properties may per chance well take a look at Americans’ patience at a time when their retirement financial savings are evaporating alongside with the inventory market. The tariffs are expected to expand prices by thousands of greenbacks per one year and leisurely financial boost, and there are fears just a few attainable recession.
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Federal Reserve Chair Jerome Powell mentioned Friday that the tariffs were “considerably greater than expected” and are “extremely seemingly” to trigger extra inflation — on the least within the rapid term nonetheless per chance within the rupture to boot.
On the different hand, Trump has described his policies as a painful but mandatory step to help corporations to relocate their operations to the US, and he spent the morning defending himself on Reality Social, his social media platform, vowing he is sticking alongside with his policies.
Despite the truth that experts dangle harshly criticized Trump’s tariffs, he’s stumbled on some wait on on TikTok. He shared a video that mentioned “Trump is crashing the inventory market” and “he’s doing it on motive” as section of a “secret game he’s taking part in, and it will probably well create you prosperous.”
The aim, the video mentioned, is to push the Federal Reserve to lower hobby rates, one thing that Trump explicitly known as for later within the morning.
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“This may per chance well well be a PERFECT time” for Powell to chop hobby rates, he wrote. “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
With international leaders scrambling in response to Trump’s announcement this week, the president lashed out and looked to chop affords.
He mentioned he spoke with Vietnamese leader To Lam and claimed Vietnam needs to accumulate rid of its tariffs on U.S. items if it goes to create a take care of the U.S.
He also criticized China for announcing its own tariffs on U.S. imports.
“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.
Republicans urged that Trump’s policies may per chance well be the originate of a parley with international worldwide locations.
“The president is a dealmaker if nothing else, and he’s going to proceed to deal nation by nation with each and every of them,” mentioned Sen. John Barrasso of Wyoming. He added that Treasury Secretary Scott Bessent had advised Senate Republicans this week that the tariffs may per chance well be a “high stage tag with the preferrred purpose of getting them reduced” except a quantity of worldwide locations retaliate.
Senate Democratic leader Chuck Schumer of Unusual York known as Trump’s tariffs “a brutal pincer stream with American households trapped within the center.”
Within the meantime, Trump also renowned a fresh epic showing the U.S. added 228,000 jobs in March, beating expectations. Despite the truth that the numbers were a snapshot of the financial system earlier than the tariff announcement, Trump claimed vindication, announcing they already showcase his strikes are working.
“HANG TOUGH,” he wrote. “WE CAN’T LOSE!!!”
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