US President Donald Trump on Friday provided an update of how the tariff policy was increasing and said it was “very exciting for the US and the world”.
“We are really good on our tariff policy. America, and is very exciting for the world !!! It is moving quickly,” he said in a post on the truth social.
This comes when the US dollar declined rapidly, at a three -year low against the euro, roughly caused by Trump’s unexpected trade policies. This slide symbolizes a significant change from post -election bounce in 2016, when investors were optimistic about Trump’s economic plans.
The possibility of increasing inflation as a weak dollar increased, corporate profits declined, and foreign investment in US markets declined, Trump shared a report under inflation. consumer price Index Only 2.4% daily in April marks the lowest annual growth since September, compared to March 2024. Meanwhile, the main consumer prices recorded their year-on-year growth in about four years.
China increased the tariff on American goods by 84% to 125%, marking the latest growth in the ongoing trade war between the world’s two largest economies. The move comes in response to increasing its own tariff to a cumulative 145%on Chinese imports to the US, even Trump decided to hit the 90-day stagnation on imposing tariffs that exempt China.
