President Trump stood by his wide-scale tariffs, calling them a “beautiful thing to behold” that may finally be largely supported even because the inventory futures dropped Sunday night.
“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,” Trump blasted out on Fact Social Sunday evening.
“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!”
The president additionally stated different nations are “dying to make a deal” with the US whereas chatting with reporters on Air Drive One.
Regardless of the Republican’s optimism, the market continued to crater.
Inventory futures dropped Sunday night with the Dow Jones Industrial Common and S&P 500 every plummeting about 4% whereas the Nasdaq fell nearly 5%.
Trump, 78, in his Fact Social submit, additionally argued the US has “massive” monetary deficits with China, the European Union and different nations in a effort to justify the motion he took towards 90 nations final week.
“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.,” he wrote.
It is a breaking story. Please verify again for updates.
With Submit wires
