Trump Trolls ‘Tariff Terrorism’ spoke as a tank of American markets

TOI correspondent from Washington: American stock indices “Maga Supremo Donald Trump’s” after “big” tank “Tariff terrorism“But the US President was excited about the final result of his tectonic trade gambit amid the market recession.
Tariff Emperor posted in all caps, will be stronger, larger, better and more flexible than ever to deploy his minions, “The patient’s operation is over. White house officials have spread to promote the gospel of Trump’s mutual tariffs and how will it bring the bills of revenue in America, some believers and many stocks in foreign investment, etc. Were.
In the NASDAQ index, about 5 percent and Dow and S&P increased by 4 percent moments, as business wiped out some $ 2 trillion in market money, as most analysts declared the President “to explode” for “a tariff bomb” on the US and the world, even Trump declared a national economic emergency.
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Lawrence Summers, former Secretary of Treasury, said, “The cost of presidential rhetoric is so high before … The best estimate of loss from tariff policy is now close to $ 30 trillion or $ 300,000 per family.”
And from a Democratic Party unit: tariffs are economic terrorism – crushing small businesses, increasing prices and killing jobs. They are capitalist, anti -free market and pure sabotage, plain and simple.
Trump officials fought the major negative tale and essay positive spin to assure the nervous Americans. Treasury Secretary Scott Besant said that tariffs were part of a conversation process and urged the countries not to react dramatically.
He said, “Not everyone has advice. Trump’s son Eric pitched with a call for immediate talks: I would not like to be the last country that tries to interact on a business deal with@realdonaldtrum.
But even some legislative associates of Trump were promised by tariff Bonanza. “In the long run, he is right. But … in the long run, we are all dead. Short runs also matters. Nobody knows what the impact of these tariffs is going to be on their economy,” A GOP Senator on TV before increasing a defense.
Mike Pence, former Vice President of Trump, was among those who tracked Tariff Gambit. “Trump tariff tax is the greatest growth growth in American history. These tariffs are about 10x of the size of those imposed during Trump-Pense administration and will spend more than $ 3,500 per year to American families.” Spoke the Golden Age of America, “he posted a link from a think tank with a link for a criticism, which he has installed.”
Supporters argued that in fairness, Trump did what he promised to do about 40 years ago. Commerce Secretary Howard Lutnik posted an Opara interview with Trump since 1988, where he complains – almost worded for his comment as a President – America’s bursting abroad and bleeding needs to be statched.
But the basis of his argument is as wrong today as it was then, many analysts are pointing. This was the US that dragged and screaming in globalization, a reluctant India, and most of the developing world. And now he is complaining that he had lunch of America based on dodi figures, suspected claims and lump sum falsehood, which is also highlighting the US Press -Save the Maga Media -.
Among them: Trump claimed that the American trade deficit with India is $ 100 billion (it is in an $ 45 billion) and India has a 70 percent tax on the American motorcycle (it is 40 percent, and companies like Harley Davidson gathering in India, which are working in many European and Asian car manufacturers, which are working in America).
In fact, Trump’s entire book is doddy at the US 52 percent tariff rate on the US. According to the World Trade Organization (WTO), India’s average tariff was around 17 percent in 2023, with 39percent and non-agricultural goods in agricultural commodities close to 14 percent. The overall trade-loving average was 12Percent compared to 2percent by the US. So when there may be a case to level the playground, Trump’s Maga supporters have an easy explanation for wild exaggeration and discrepancies in numbers: this is a conversation strategy directly from the art of the deal.