President Donald Trump’s tariff policies have strengthened the global market and the US economy, and now his billionaire backers are armed with it.
Trump’s decision to unilaterally collect new tariffs in dozens of countries sparked the days of Wall Street sales. so far, Over $6.6 trillion Market value is lost and there are signs that the market will become more negative in days and weeks. Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 Index Everything is down And the rest of the world’s economic system is being dragged down.
In contrast, Trump –The architect in question– I think everything is fine.
“The United States has the opportunity to do what should have been done decades ago. Don’t be weak! Don’t be stupid! Don’t be panicans (a new party based on weak and stupid people!). Trump wrote About his true social accounts on Monday morning.
Before that, He insisted (No evidence) His tariffs are “bringing billions.” I said He has contacted world leaders, who in a statement to reporters on Sunday that they are “trying to make a deal.”
But the world leaders I slapped it Many of Trump’s tariff actions and key economic forces–Several Asian countries, including the European Union and China– I responded with my own customs duty.
Some of the billionaires who supported Trump’s latest presidential election are openly amazed at what he did to the market.
Billionaire hedge fund manager Bill Ackman I wrote it on Sunday Trump’s “large and unbalanced tariffs” launched a “global economic war on the whole world at once.”
Ackman called on Trump to declare a 90-day “timeout.” Otherwise, “We are heading towards a self-induced economic core winter.
Ackman Approved Trump In 2024, he claimed that Trump trusted him to deal with immigration and anti-Semitism. Ackman hasn’t complained loudly about Trump’s policies Employing Immigrants, destruction Government department, or Erase history– But now the market is under the influence, and we are speaking out.
Trump’s most visible billionaire supporter, Elon Musk, also expressed concern over tariffs. in comment Before the far-right Italian political parties on Saturday, Musk said he hopes the US and Europe are in a “zero tariff situation.” This opinion is a direct contradiction with Trump, and for years he has inaccurately argued that tariffs could be used to increase American success.
I also posted a mask message His social media network X has criticized Trump’s economic adviser Peter Navarro as one of the major forces behind Trump’s tariff policy.
In terms of media, one of Trump’s strongest allies, Fox Business Anchor (and Conspiracy theorist) Maria Baltilomo With label Customs will publish “Big Fail” at her Monday show.
There are more alarm bells that ring from the wealthy elite.
JPMorgan Chase CEO Jamie Dimon has supported Democrats in the past, but has been Trump’s early advocate in tariffs. January, He defended Impending Trump tariffs speak to wealthy audiences at the Swiss World Economic Forum.
Now he has changed his songs too. His annual shareholder Released letter On Monday, Dimon said tariffs are likely to lead to “inflation outcomes.”
Despite this, Trump’s team tried to turn around a bad situation. Navarro appeared on CNBC on Monday, appearing next to the screen and screen, predicting another downday in the market. I said The tariffs were “beautiful.”
There was warning that Trump’s policy would be confused and lead to increased costs for basic goods and leisure items. Video and board games.
“You don’t just throw out the idea of ​​tariffs all over the board. That’s part of the problem with Donald Trump,” former Vice President Kamala Harris said. I said it in September 2024.
“I’m saying this in good faith. He’s not too serious about how he thinks about some of these issues, and one must be serious and have a plan. He also thinks about not only topics that end with exclamation points at political gatherings, but also about actually being a return on investment, and it’s an economic impact on everyday people.”
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