WEST PALM BEACH, Fla. (AP) — Two days after sending the worldwide economic system reeling by announcing tariffs on international imports, President Donald Trump insisted his commerce insurance policies won’t ever change as he remained ensconced in a bubble of wealth and energy in Florida.
He awakened on Friday morning at Mar-a-Lago, his non-public membership in Palm Seaside, and headed to his close by golf course just a few miles away after writing on social media that “THIS IS A GREAT TIME TO GET RICH.”
A number of supporters stood throughout the road as Trump, carrying his signature crimson marketing campaign hat and white polo shirt, glided down a road lined with palm bushes. They waved to him and he waved again, part of a ritual that performs out each weekend that he is on the town.
The Republican president was not anticipated to seem publicly, though he is scheduled to attend a candlelit dinner for MAGA Inc., an allied political group, on Friday night. He additionally spent Thursday in Miami at a distinct one in all his golf programs, the place he attended a Saudi-funded tournament. He landed in Marine One and was picked up in a golf cart pushed by his son, Eric.
Trump has usually proved impervious to the form of scandals or gaffes that will harm one other politician, however his resolution to spend the weekend at his gilded properties might take a look at People’ endurance at a time when their retirement financial savings are evaporating along with the stock market. The tariffs are anticipated to extend costs by 1000’s of {dollars} per yr and gradual financial progress, and there are fears about a potential recession.
Federal Reserve Chair Jerome Powell mentioned Friday that the tariffs had been “considerably bigger than anticipated” and are “highly likely” to trigger extra inflation — not less than within the quick time period however probably in the long run as properly.
Nonetheless, Trump has described his insurance policies as a painful but mandatory step to encourage corporations to relocate their operations to the USA, and he spent the morning defending himself on Fact Social, his social media platform, vowing he’s sticking along with his insurance policies.
Though specialists have harshly criticized Trump’s tariffs, he is discovered help on TikTok. He shared a video that mentioned “Trump is crashing the inventory market” and “he’s doing it on goal” as a part of “secret sport he’s enjoying, and it might make you wealthy.”
The aim, the video mentioned, is to push the Federal Reserve to decrease rates of interest, one thing that Trump explicitly known as for later within the morning.
“This might be a PERFECT time” for Powell to chop rates of interest, he wrote. “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
With international leaders scrambling in response to Trump’s announcement this week, the president lashed out and appeared to chop offers.
He mentioned he spoke with Vietnamese chief To Lam and claimed Vietnam needs to get rid of its tariffs on U.S. items if it could actually make a cope with the U.S.
He additionally criticized China for saying its personal tariffs on U.S. imports.
“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.
Trump additionally celebrated a brand new report displaying the U.S. added 228,000 jobs in March, beating expectations. Though the numbers had been a snapshot of the economic system earlier than the tariff announcement, Trump claimed vindication, saying they already present his strikes are working. “HANG TOUGH,” he wrote. “WE CAN’T LOSE!!!”
___ Megerian reported from Washington.
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