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.
He is not wrong. It does well destroy the US economy, and the economical trust of the world in the US.
Putin is ecstatic.
It is crazy to me the years of recession fears under Biden as prices kept going up and now as Trump keeps banging his tariff hammer, we're still in "recession fears" territory.
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.
And he accused Biden of being senile
If you look at US bonds, they paint another picture. Other countries are off loading their US assets (bonds)…..so the dollar, if this continues, will be worth as much as a DJT crypto coin
Looks like $TRUMP is worth around $8 right now. Still $7.9992 more than it should be worth. I'm convinced Trump is tanking the dollar on purpose, expecting that to boost his crypto holdings.
Being President is a side-gig to his main job as crypto influencer, a side gig with the perk that he can't be jailed for market manipulation.
He, his billionaire buds, his corrupt as fuck political and social supporters made a killing so it's all good.
The rest of you are losers for being better at raping everyday Americans.
I have to take him at his word. If he thinks it is going well, that means the chaos is what he wants.
He is either gaming the stock market for profit, or trying to harm the world economy.
The very slim possibility is that he is being told by others with an agenda that things are working as planned.