Recommendations of the Editorial team
Donald Trump said on Sunday that he Stock market after his extreme customs announcement Last week did not want to weaken on purpose. Although Trump indicated that it was okay when the Americans suffer from his economic policy.
In conversation with reporters in the Air Force One, Trump was asked if there was a level of pain in the markets that he was not ready to tolerate. He called this question “so stupid”. Then he said: “I don’t want anything to go downwards. But sometimes you have to take medicine to repair something.”
He added, perhaps a little more optimistic that “it will be willing again at some point. And our country will be solid and strong again”. This message was a departure from Trump, who was a link to Truth Social to a video in which he had “deliberately crashed the market”, shared and later shared again had.
“Black Monday”
On Wednesday afternoon, Trump announced comprehensive Tariff on that shaken the markets on Thursday and Friday. The US stock futures crashed again on Sunday evening when observers warned of an impending “black Monday”.
How “Rolling Stone” reportedTrump wanted his customs announcement to explicitly contain “large numbers”. The conservative American Enterprise Institute says, The way the government was going was completely wrong. A calculation error that led to the proposed tariffs were four times higher than intended.
Trump announced many large numbers. Including tariffs of 49 percent on Cambodia. 48 percent on Laos. 46 percent on Vietnam. 36 percent on Thailand. 34 percent in China. And 20 percent on the European Union. Not even Penguins were spared. Russia, however.
Brooke Rollins, the Minister of Agriculture of Trump, was asked about AEI analysis on Sunday. She said that the organization was “just wrong on this point”. Before she admitted that she hadn’t read her.
“Weakens the economy for no reason”
Two officials from the Trump administration told opposite the weekend Rolling Stonethat you personally consider the flood of customs to be extremely risky and perhaps as a unclear economic policy. But Trump officials, who think so, do not try mostly to advise the President because they are convinced that the attempt to try the massive Trade war to dissuade, at the moment either would not have any effect. Or would cause Trump to dig up even more.
“Wait,” says an official.
Other sources that are close to the President and two major donors from the Republican Party continued to comment on Sunday that Trump’s commitment to his customs war, also against long -time allies of the United States, was not just a negotiation tactics. And that the president was to weaken the American economy without a valid reason that goes beyond its resentment and long -lasting obsessions.
“I am not yet ready to go public. But I say the following: I don’t know if I would worry about what will happen to the economy if Bernie Sanders were president,” says a great donor from Trump and the Republican Party. “It is so bad. And there is very little time to fix the situation. And the helm around.”
At that moment – in his own words and deeds – Trump seems to be determined to control the country straight into widespread economic hardship. In the hope that the American people will somehow thank him for it.