Two days after sending the economy that is reeling by announcing a wide -ranging tariff, US President Donald Trump went to play golf in Mar Lago, his own club in Palm Beach, Florida, even with financial market selling operations around the world all over the world.
Before heading to the private golf course, Trump wrote on social media: “This is a great time to get the rich.”
Investors do not buy that message.
The S&P 500 fell by 5.7 percent as the worst crisis in Wall Street since the Covid was deepened China is compatible with Trump’s great rise in definitions I announced earlier this week. This step increases the risks in a Trade war This may end with the stagnation that hurts everyone. It was not even a better report than expected on the US labor market, which is usually economic discrimination every month, sufficient to stop the slide.
The Dow Jones industrial average decreased 2,034 points, or 5 percent, and the Nasdaq compound was 5.6 percent lower, with a hour of trading.
To date, there have been a few, if any, the winners of the financial markets of the trade war. European stocks fell about 5 percent. The price of crude oil has decreased to its lowest level since 2021. Another basic building blocks of economic growth, such as copper, have witnessed that prices are slipping on fears that the trade war will weaken the global economy.
The central question that is looking for the future is: Will the trade war cause a global recession? If so, the stock prices are likely to need to decrease more than they were already. The S&P 500 fell about 17 percent of its recorded record in February.
Investors do not expect the volatility to calm down quickly.
“Until there is already a change in a policy or evidence of real negotiations, the market will be under pressure,” said Cathy Jones, head of the fixed income strategy at the New York Research Center.
In addition to the market concerns on Friday, comments from the Federal Reserve Chairman Jerome Powell, who said the definitions were “much larger than expected” and “very likely” to cause more inflation – at least in the short term but perhaps in the long run as well.
However, Trump described his policies as a painful but necessary step to encourage companies to transfer their operations to the United States. Treasury Secretary Scott Beesen, conservative commentator Taker Karlson, told an interview issued on Friday that “I think we have to try this, and I have a high confidence that will work.”
On Friday morning, the President spent his defense in the social fact and the social media platform, and promised to stay on the path.
“For many investors coming to the United States and investing huge amounts of money, my policies will never change.”
Although experts strongly criticized the definitions, Trump found some support on Tiktok. The president shared a video claiming that “Trump breaks the stock market” and “he does so on” as part of a “secret game he plays, and may make you rich.”
The video was distinguished by a supposed quote from the legendary investor, Warren Buffett, who praises Trump, but Buffett issued a statement saying it was manufactured. The video also said that Trump’s goal is to push the federal reserve to reduce interest rates, which was explicitly called the president later in the morning.
“This will be the perfect time,” he wrote to reduce interest rates. “Reducing interest rates, Jerome, and stop playing policy!”
It aims to reduce deals
As foreign leaders stood in response to Trump’s announcement this week, President Watercal criticized the deals.
He said he spoke with the Vietnamese leader to Lam, and claimed that Vietnam wanted to eliminate her tariff on American goods if she could agree with the United States.
China also criticized the social truth for announcing its definitions on American imports.
“China has played wrongly, I felt panic – the only thing they could not do!” books.
Republicans have suggested that Trump’s policies will be the beginning of barley with foreign countries.
“The president is the manufacturer of deals if there is nothing else, and he will continue to deal with the country with each of them,” said Senator John Pararasu of Wyoming. He added that Treasury Bessin told the Senate Republic this week that the customs tariff will be “a high sign
Meanwhile, Trump also celebrated a new report showing that the United States added 228,000 jobs in March, overcoming expectations. Although the numbers were a snapshot of the economy before the declaration of the tariff, Trump claimed justification, saying they are already showing that his movements are working.
“Hanging strongly,” wrote. “We cannot lose !!!”
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