Trump urges calm as stock tensions rise amid tariff hike
On Wednesday, U.S. President Donald Trump appealed for calm, which was interpreted as a reference to tensions in the stock market in reaction to the tariffs he imposed. According to Trump, it's "a great time" to buy.
Global markets reacted sharply to President Donald Trump's tariff policy. On Wednesday, he called for calm, interpreted as a response to stock market tensions caused by the imposition of tariffs. Trump emphasized that the current situation is "a great time" to buy.
Trump: "BE COOL!"
On his social media platform Truth Social, Trump wrote: "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" This post appeared when the stock market opened on Wall Street.
In another post, the U.S. President added: "This is a great time to buy!!!", suggesting that he sees the current turmoil as an investment opportunity.
Suspension of new tariffs and penalty for China
As previously reported, President Trump also announced that he will raise tariffs on goods from China to 125 percent. At the same time, he ordered a 90-day pause on applying increased tariffs for other countries. During this time, tariffs will be 10 percent. In both cases, the decisions take immediate effect.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump argued in a post on his social media platform Truth Social.
On Saturday, Trump urged Americans to stay strong, stating on his platform Truth Social that the country is in the midst of an economic revolution and will ultimately emerge victorious, according to ABC News.
