Trump Stands By Tariffs, ‘Beautiful Thing to Behold’

“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. 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!” President Trump.

#BREAKING PRESIDENT TRUMP SPEAKS ON AIR FORCE ONE

TECH FOR TRUMP
TRUMP SAYS BIZ LEADERS “DON’T BLAME” HIM FOR TARIFFS

TRUMP: “This is not sustainable! The United States can’t lose $1.9 trillion on trade … and also spend a lot of money on NATO in order to protect European… pic.twitter.com/gdb8OBUHuF

— SANTINO (@MichaelSCollura) April 7, 2025

Trump stands by far-reaching tariffs, calling them ‘beautiful thing to behold’ as stock futures plummet

By David Propper, NY Post,  April 6, 2025:

President Trump stood by his wide-scale tariffs, calling them a “beautiful thing to behold” that will eventually be largely supported even as stock futures dropped Sunday evening.

“They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden,” Trump blasted out Sunday night on Truth Social as he attempted to justify the action he took against around 90 nations last week.

“We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!”

The president said the leaders of several countries are calling him and are ready to make a deal with the US while speaking to reporters on Air Force One Sunday evening.

“But I said we’re not gonna have deficits with your country. We’re not gonna do that because to me a deficit is a loss. We’re gonna have surpluses or we’re at worst gonna be breaking even.”

Despite the commander-in-chief’s optimism, investors weren’t convinced.

Stock futures dropped Sunday evening with the Dow Jones Industrial Average down 2.1% and the S&P 500 plummeting about 2.5% while the Nasdaq fell almost 3.1%.

Asian shares also sharply fell, with Tokyo’s 225 index losing about 8% when the market opened and down 6% by midday. Hong Kong’s Hang Seng fell 9.4% and the Shanghai Composite index lost 6.2%.

The president insisted he doesn’t want stocks to decline, but “sometimes you have to take medicine to fix something.”

“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen,” Trump said. “They took our business, they took our money, they took our jobs.”

Billions of dollars are funneling into the US as a result of the tariffs, Trump added.

Commerce Secretary Howard Lutnick said on CBS’s “Face the Nation” Sunday morning that about 50 countries have reached out to discuss the sweeping tariffs, but the US would not postpone any measures taken at this point.

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Trump unveiled the baseline 10% tariffs on imported goods that went into effect Saturday, as well as harsher “reciprocal” tariff rates on individual countries that go into effect this Wednesday.