some New tariffs An announcement by President Trump earlier this week came into effect on Saturday, sparking collections of customs agents at ports of immigration across the United States
In a true society post on Saturday, Trump urged Americans to “tough hang” and called the implementation of tariffs an “economic revolution.”
“We’re bringing back jobs and businesses like never before,” he said. “It’s not easy, but the end result is historic.
Earlier this week, Trump announced Two new tariffs – 10% universal obligation to all US imports and so-called imports Mutual Tariffs It applies to imports from around 90 countries. He said it would stimulate American manufacturing, create jobs and generate revenue for the federal government.
The country that Trump targeted with higher tariffs is expected to come into effect Wednesday. These include ratings of 50% in Lesotho, 49% in Cambodia and 47% in Madagascar.
The tariff announcement is the latest and perhaps bold manifestation of Trump’s second term; The global market has plummeted.
The S&P 500 fell 6% on Friday, with the Dow Jones industrial average plunging 5.5% and the NASDAQ composite down 5.8%.
Trump says China has been hit hard by tariffs
Trump said that true socially on Saturday, China was negatively affected by tariffs “are far more intense and not closer than the US.”
Trump has warned other countries not to retaliate against a barrage of taxation on US imports. Ignoring that advice, China On Friday, he said it would impose 34% tariff on imports Of all products in the US from April 10th.
On a golf course in Jupiter, Florida, the president was found in his car reading a tabloid article about China’s response to US tariffs.
“They, and many other countries, have treated us badly unsustainably,” Trump said in the Truth Society. “We were stupid and helpless ‘whipposts’, but there were no more. ”
