The "Wall Street mayhem" also led to a "Trump meltdown" on Monday after the US President justified "the tough days ahead" by reiterating his belief in the shock therapy through back-to-back social media posts.
At 6:49 am on Monday, Trump took to his Truth Social and declared that there is "no inflation" in the US, despite global markets plunging following last week's two-day meltdown on Wall Street.
" Oil prices are down, interest rates are down (the slow-moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long-time abused USA is bringing in billions of dollars a week from the abusing countries on tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its tariffs by 34%, on top of its long-term ridiculously high tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate," the US President said.
"They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past 'leaders' are to blame for allowing this, and so much else, to happen to our country. MAKE AMERICA GREAT AGAIN!" he added.
Hours later, Trump shot another social media post and asked Americans not to be weak and to shake off the stock market bloodbath. He also assured that "greatness will be the result."
"The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!" Trump said.
Later, another social media post followed where the US President claimed that countries from all over the world are in talks with his government to set "tough but fair parameters."
"Countries from all over the world are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate!"
"They have treated the US very poorly on trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise, agriculture, and many other 'things.' It all has to change, but especially with CHINA!!!" he added.
After the stock market on Monday opened at a record low, Trump, however, steered clear from any remarks and posted that he is excited for the upcoming Dodgers game scheduled at 11:00 am.
"Seeing the World Champion Los Angeles Dodgers at 11:00 am. Exciting!!!" Trump said.
Meanwhile, the White House also released a statement listing out the achievements of the Trump administration in week 11
"It was another highly successful week for the American people as President Donald J Trump continues his relentless pursuit of strength, prosperity, and peace — and lays the foundation for America to be the global powerhouse for generations to come," the statement read.
US stock markets joined the global market selloff on Monday. The S&P 500 saw its poorest performance since the COVID-induced economic crisis in March 2020.
Stock markets around the world are bleeding due to US President Donald Trump's reciprocal tariffs announcement, which has stoked fears of a global recession, including in the US. The downward trend drove Nasdaq into bear market territory during the previous week, with the S&P 500 and Dow Jones approaching similar levels. A bear market occurs when values decrease by 20 percent from their recent highest point
At 6:49 am on Monday, Trump took to his Truth Social and declared that there is "no inflation" in the US, despite global markets plunging following last week's two-day meltdown on Wall Street.
" Oil prices are down, interest rates are down (the slow-moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long-time abused USA is bringing in billions of dollars a week from the abusing countries on tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its tariffs by 34%, on top of its long-term ridiculously high tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate," the US President said.
"They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past 'leaders' are to blame for allowing this, and so much else, to happen to our country. MAKE AMERICA GREAT AGAIN!" he added.
Hours later, Trump shot another social media post and asked Americans not to be weak and to shake off the stock market bloodbath. He also assured that "greatness will be the result."
"The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!" Trump said.
Later, another social media post followed where the US President claimed that countries from all over the world are in talks with his government to set "tough but fair parameters."
"Countries from all over the world are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate!"
"They have treated the US very poorly on trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise, agriculture, and many other 'things.' It all has to change, but especially with CHINA!!!" he added.
After the stock market on Monday opened at a record low, Trump, however, steered clear from any remarks and posted that he is excited for the upcoming Dodgers game scheduled at 11:00 am.
"Seeing the World Champion Los Angeles Dodgers at 11:00 am. Exciting!!!" Trump said.
Meanwhile, the White House also released a statement listing out the achievements of the Trump administration in week 11
"It was another highly successful week for the American people as President Donald J Trump continues his relentless pursuit of strength, prosperity, and peace — and lays the foundation for America to be the global powerhouse for generations to come," the statement read.
US stock markets joined the global market selloff on Monday. The S&P 500 saw its poorest performance since the COVID-induced economic crisis in March 2020.
Stock markets around the world are bleeding due to US President Donald Trump's reciprocal tariffs announcement, which has stoked fears of a global recession, including in the US. The downward trend drove Nasdaq into bear market territory during the previous week, with the S&P 500 and Dow Jones approaching similar levels. A bear market occurs when values decrease by 20 percent from their recent highest point
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