‘I am the President who stands for Main Street, not Wall Street’: Donald Trump Tariff War

Amid growing criticism on markets and global economic restlessness, US President Donald Trump defended his aggressive tariff policy, saying that he “stands for main street, not wall street.”
Trump said in a post, Truth Social said, “I am proud to be the President, not the outsourcers; who stands for the main street, not the wall street, not the middle class, not the middle class, not the political class; and who protects America, not trade the theater worldwide.”
Wild ride of Wall Street
Trump’s comments experience another day of dramatic swings in US financial markets. S&P 500, after increasing 4.1 percent in early trade on Tuesday, the land was lost quickly, loss of 3 percent before closing 1.6 percent. The index now sits down around 19 percent from its February summit.
Dow Jones The industrial average reduced 320 points – Down 0.8 percent – Erase the earlier profit of 1,460 points. The Nasdaq slipped the overall 2.1 percent.
In Tokyo, Paris and Shanghai, the global markets resonated with excessive instability with indices, before analysts warned of further instability. Most anarchy is uncertainly tied to investors how far Trump will take his business war – and how long.
Tariff at the center of economic concern
Trump’s sweeping tariffs, which are ready to intensify, have ignored investors and feared an economic recession. Economists take care that if business restrictions affect, they can push the US into recession by increasing consumer prices and disrupting global supply chains. A sharp de-size through negotiations, however, may reduce damage.
Despite these warnings, Trump has not shown any signs of retreat – even top business leaders and political donors have tried to impress their decisions behind the curtains.
Business leaders hit a wall
In recent times, Wall Street billionaires and corporate CEOs have carried on the administration’s efforts to reverse the trade trend, but to make very little impact. After Trump’s latest tariff announcement, banking officials- including Jamie Dimon of JP Morgan Chase- with Commerce Secretary Howard Lutnik in a closed door session. Sources say that Lootnik was unmatched.
In other places, GOP megadoners and hedge funds Tycoon have tried to step into the White House via calls to senior colleagues, including Chief of Staff Susie Wils and Treasury Secretary Scott Besant. These appeals have also become flat.
Some financial heavyweights have now become public with their frustrations. Billionaire Hedge Fund Manager William Ekman warned on social media, warning, “the global economy is being taken down due to poor mathematics,” and urged the administration that “the President makes a big mistake.”
Oil trader Andrew Hall appreciated Ekman and called other “financial Titans” to speak. “Where are other ‘financial Titans’? Why are they not speaking?” Posted the hall.
Growing warning from Wall Street
Dimon said in a message to investors that the trade war was already reducing the confidence of consumer spirit and investors, and could slow down economic growth. While he avoided forecasting the recession on a full scale, he accepted the rising risk.
Lawrence de Fink, the investment giant CEO, CEO of Blackrock, was more blunt during a address at the Economic Club in New York. “The economy is weakening as we speak,” he warned, even citing the prices of the toy – such as Barbie dolls – as an example of reducing inflation due to tariffs.
Fink said that many CEOs believe that the US may already be in recession, taking tariffs, highlighting the comprehensive economic toll if they can live in place.
A change in Trump’s approach – or not?
For a brief moment on Monday, there were speculation that Trump could soften his stance, as the report suggested a possible stagnation in the tariff. It gave birth to a short -term market rally. But the White House quickly denied rumors, and Trump reiterated his commitment, sent the markets again to Tumbling.
By the end of the day, S&P 500 dropped another 0.2 percent, which came down by about 18 percent from mid-February-the market area is close to the bear.

Country list of new tariffs announced by Trump

White House defends policy
White House spokesman Kush Desai said in a statement that the administration is constantly in talks with the public about business leaders and major policy decisions. “Only the special interest guidance to the decision making of President Trump, however,” he continued, “is the best interest of the American people-as to address the national emergency that our country run the old trade deficit.”
Despite the increasing calls for course improvement, Trump has determined to stand on his land – Wall Street, setting the platform for further clashes with colleagues abroad and possibly, economic headwinds at home.