Trump insists tariff war is ‘doing really well’ as recession fears mount
Trump insists tariff war is ‘doing really well’ as recession fears mount
S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulence
Donald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.
As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high.
The White House maintains that the US economy is on the verge of a “golden age”, however, and that dozens of countries – now facing a US tariff of 10% after Trump shelved plans to impose higher rates until July – are scrambling to make deals.
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The problem is that 35% of the country believes him and 15% aren't sure. You will never convince the 35%. They could be eating rat soup to survive and they'd still insist Trump is a great president who has done wonders for the economy because "the economy" is just an abstract, almost metaphysical concept to them like a ritual state and it is being purified of the evil spirits of "woke" and "dei" so it's in its proper order.