Trump stands by far-reaching tariffs, calling them ‘beautiful thing to behold’ as stock futures plummet
President Trump Defends Tariffs Despite Stock Market Plunge
President Trump reiterated his support for his wide-scale tariffs, describing them as a “beautiful thing to behold” despite the stock futures taking a hit on Sunday evening.
Trump took to Truth Social to express his views, stating, “They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden.”
He continued, “We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!”
During a press briefing on Air Force One, Trump mentioned that other countries are eager to negotiate deals with the US.
Despite Trump’s confidence in the tariffs, the market experienced a downturn.
Stock futures plummeted with the Dow Jones Industrial Average and S&P 500 each dropping by about 4%, and the Nasdaq falling nearly 5%.
Trump, 78, justified his actions against 90 nations by highlighting the “massive” financial deficits the US faces with countries like China and the European Union.
He emphasized, “The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A.”
This is a developing story. Stay tuned for updates.
Source: Post wires
