Donald Trump said his policies “They will never change”while strengthened its position in the commercial war, just hours after China responded with tariffs on American products and stated that “it is a great time to become rich.”
Trump argues that he will not change his policies, after the rates imposed by China Foto X
“For many investors who come to the United States and invest massive amounts of money, my policies will never change. It is a great time to become rich, richer than ever.”Donald Trump wrote on the Truth Social Platform.
While the capital market is in a descending spiral, the Washington leader claimed that economic performance is better than expected.
“Economic performances are excellent, much better than expected. It is already effective. Resist, we cannot lose”he added, quoted by The Guardian.
However, the futures contracts on Wall Street continue to indicate a decrease in actions when the transactions resume, with Futures on S&P 500 down 2.7%.
Trump continued to claim that China “He was wrong” Responding to his escalation: “China was wrong, they panicked – something they can't afford to do!”
Markets, affected by Trump's rates
Financial markets are down after China responded against the US as a result of Trump's rates, with a 34% fee on American imports.
This came just two days after Trump imposed the same tax on all imports from China, bringing the total US tariff on Chinese goods to at least 54%.
The New York Stock Exchange ended on Thursday the worst trading day, due to the extremely aggressive rates announced by President Donald Trump.
Major stock exchange indices have turned to the highest daily losses from the beginning of the Covid-19 pandemic and until now.
