President Trump remained posted at one point in the True Society Wednesday morning as new US tariffs overturned financial markets and foreign governments sent scrambles to respond: “Cool!”
“Everything will go well,” he maintained amidst the unfolding chaos. “America will be bigger and better than ever!”
For Trump, the sense of security provided a completely split screen contrast with his costs and the chaos caused by the expanding World Trade War. In the hours since he imposed the latest tariffs, foreign forces, including China, retaliated against the United States. Economists have issued wide new warnings about the outlook for a serious blow. But Trump continues to downplay risks to American consumers and businesses, claiming that it is all part of his plan.
In a post about the Truth Society, he insisted that it was actually “the best time to move your company to the United States,” adding, “Wait, do it now!”
As financial markets began to whip, and sales in the US bond market deepened, the president chose to portray uncertainty and chaos as opportunities. “This is the best time to buy!!” he posted on the site late Wednesday morning.
The president also sought to draw attention to his plan to expand to a series of individuals and businesses that have been narrated in the House and Senate due to differences within the Republican ranks.
“Republicans, now it's more important than ever that we pass on a big, beautiful bill,” Trump said in another post of him. “America will soar more than ever!!”
For days, Trump and his top aides had now foresaw chaos and disruptions across the global financial system. The president has repeatedly explained the US economy medically, saying that the US is “sick” and that it needs painful but necessary corrections to boost America's production and generate new revenue.
The economist spoke another, warning that a sudden new tax on the president's foreign export could cut growth and lead to price increases for American consumers, ultimately increasing the possibility of a US recession. Even some Republicans are increasingly unsure about Trump's trade strategy, with only a handful of them signing on to new laws limiting his customs authorities.
But Trump remains steady with his approach, with administration officials estimated this week that more than 70 countries reached out to Washington in hopes of hitting a trade deal.
“I know what I'm doing,” the president told Republicans Tuesday.
