3 minutes agoTrump insists the tariff plan is going very well
Periskopi(a year ago)
(a year ago)S&P 500 and Dow Jones rise significantly after an extremely unstable week, while experts warn of continued turbulence. Donald Trump insisted that his trade struggle with much of the world was “really doing well”, despite growing fear of recession and while Beijing struck again and again increased tariffs for [...]
Donald Trump insisted that his trade struggle with much of the world was “really doing well”, despite growing fear of recession and while Beijing struck again and again increased US export fees in China.
While the president of the United States said his aggressive tariff strategy “was moving quickly”, a closely watched economic survey found that American consumer expectations for rising prices had risen to the highest level of four decades.
The White House states that the American economy is on the verge of a <x0) gold opeque”, however, and that dozens of countries now face an American fee of 10% after Trump cancelled plans to impose higher tariffs by July dealt.
“Telephones have fallen from the obsession to make deals”, Press Secretary Caroline Leawitt told reporters Friday.
Beijing raised Chinese tariffs for American products to 125% on Friday last foot-dragging of the escalating trade dispute with Washington '%s' and accused Trump of “commitment and unilateral obligation”.
Even if the U.S. continues to set even higher tariffs, it would have no economic significance and would have been a joke in world economy history”, the Chinese Finance Ministry said, broadcast Periscope.
Few investors were laughing. The American government's activities, usually viewed as one of the safest financial assets in the world, continued to be sold and were on the road to their biggest weekly loss since 2019. The dollar also fell against a currency basket and was in decline against the euro and the pounds.
The main stock incidents stopped per capita Friday after days of fiery trading. FTSE 100 rose 0.1% in London. S&P 500 rose 1.8% and the Dow Jones industrial average won 1.6% in New York.
S&P 500 concluded an extremely unstable week for markets by 5.7%, its biggest weekly gain since November 2023.
“We're doing very well with our POLITICA TARIFORE”, Trump wrote on his platform “Truth Social”. How exciting for America and the world!! You're going fast. DJ”
Some of Wall Street's most influential figures were not convinced. I think we're very close, if not in a recession now,” said Larry Fink, CEO of the blackRock investment giant, for CNBC. Away from security security, 90-day grace of US higher tariffs in most of the world “means longer and higher”, he added.
