President Donald Trump took to his social media platform, Truth Social, on Thursday to deliver a triumphant message following the implementation of sweeping reciprocal tariffs .
His post in all-caps read: “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!" The announcement comes on the heels of what Trump has dubbed "Liberation Day," marking the rollout of tariffs aimed at reshaping global trade dynamics.
Trump’s reciprocal tariffs impose a minimum 10% levy on all imports into the United States, with significantly higher rates for nations deemed to have exploited American trade policies.
Countries such as China, Vietnam, and the European Union face tariffs of 34%, 46%, and 20%, respectively. Other nations like Japan, South Korea, India, and Cambodia are also subject to elevated duties ranging from 24% to 49%.
The administration has framed these measures as essential for revitalising American manufacturing and leveling the playing field for US businesses. Trump stated during the announcement that these tariffs are designed to counter decades of unfair practices by foreign nations:
"Reciprocal. That means they do it to us, and we do it to them. Very simple."
However, despite the confidence exuded by the White House, economists have warned that such aggressive trade policies could lead to inflationary pressures and strain international alliances.
Global markets have responded cautiously to the tariff announcement. US stock futures experienced a sharp decline, while gold prices surged as investors sought safe havens amid uncertainty.
His post in all-caps read: “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!" The announcement comes on the heels of what Trump has dubbed "Liberation Day," marking the rollout of tariffs aimed at reshaping global trade dynamics.
Trump’s reciprocal tariffs impose a minimum 10% levy on all imports into the United States, with significantly higher rates for nations deemed to have exploited American trade policies.
Countries such as China, Vietnam, and the European Union face tariffs of 34%, 46%, and 20%, respectively. Other nations like Japan, South Korea, India, and Cambodia are also subject to elevated duties ranging from 24% to 49%.
The administration has framed these measures as essential for revitalising American manufacturing and leveling the playing field for US businesses. Trump stated during the announcement that these tariffs are designed to counter decades of unfair practices by foreign nations:
"Reciprocal. That means they do it to us, and we do it to them. Very simple."
However, despite the confidence exuded by the White House, economists have warned that such aggressive trade policies could lead to inflationary pressures and strain international alliances.
Global markets have responded cautiously to the tariff announcement. US stock futures experienced a sharp decline, while gold prices surged as investors sought safe havens amid uncertainty.
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