Donald Trump, the President of the United States, has warned Americans to brace for difficulties as his comprehensive tariffs on most U.S. trade partners take effect. The tariffs, which were implemented on Thursday, led to the steepest drop in the U.S. stock market since the COVID-19 pandemic. In response, China has imposed a 34% tax on U.S. goods, with other nations also promising retaliation.
On his Truth Social platform, Trump reassured the public that while the initial effects may be tough, the final outcome would be historic. He emphasized that the tariffs represent an “economic revolution,” pledging to “make America great again.” Trump also stated that China had been hit harder by the tariffs than the U.S., and explained his decision as part of a broader effort to address unfair trade practices.
Trump further highlighted that his administration was revitalizing the job market and businesses, with over five trillion dollars in investments pouring into the economy.
