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US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, US, April 2, 2025. — Reuters
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WASHINGTON: US President Donald Trump said in a surprising revenge that he would temporarily reduce the heavy duties he had imposed on dozens of countries, while increasing pressure on China, the global stock would be sent out loud.
Following Trump’s announcement, experts and politicians reacted to social media after Trump’s announcement.
He alleged that the president planned the “pump and dump” scheme with the US economy.
Democratic Senator Adam is demanding investigation into manipulation or internal trade in the market.
“Is Donald Trump’s internal constituency taking advantage of these heavy swing in the stock market through internal trading? Congress must know,” he wrote on X, which was previously known as Twitter.
It was also supported by Senator Elizabeth Warren.
Warren wrote on X: “I am demanding an investigation to see if President Trump manipulated the market to benefit his Wall Street donors – when working people and small businesses paid the price.”
He added, “Did Trump help insiders cash in his tariff plipping? It certainly looks like corruption.”
In addition, US Senator Chris Murphy also reacted to Trump’s move and said: “An internal trade scandal is underway. At 9:30 am, the tweet of Trump made it clear that he was anxious to make money from private information for his people.
On Wednesday, Trump’s turnout, which came less than 24 hours after hitting new rates on most commercial partners, followed the most serious incident of fluctuations in the financial market since the early days of the Covade 19 pandemic diseases.
The turmoil eliminated trillions of dollars from the stock markets, and the US government’s bond production has led to a disturbing increase, drawing Trump’s attention.
“I thought that people were jumping a little, jumping a little from the line, they are getting YP, you know,” Trump told reporters after the announcement, citing the golf period.
Since returning to the White House in January, Trump has repeatedly threatened with commercial partners, just to cancel some of them at the last minute. Once again, the illegal approach has surprised the world leaders and reduced business executives, saying that uncertainty has made it difficult to predict market conditions.
Events of the day saved Trump’s policies and his team from how to create and implement them.
US Treasury Secretary Scott Basant emphasized that there was a bridge backback plan to bring countries to the bargaining table. Trump, though later, indicated that the markets had joined the thinking of nearly their April 2 announcements after their April 2 announcements.
Despite these days insistence that their policies will never change, they told reporters Wednesday: “You have to be flexible.”
But it maintained pressure on China, which is the number 2 provider of US imports. Trump said he would raise prices on Chinese imports by 104 % to 125 %, which was implemented at midnight, which would increase a clash between the two largest economies in the world at a high stake. The two countries have traded in increasing the Tight for Tate tariff during the past week.
It is not absolute to overturn Trump on specific taxes related to the country. The White House said 10 % blanket duty on almost all US imports would be implemented. This announcement also does not affect autos, steel and aluminum duties that are already present.
The 90-day frozen does not apply to Canada and Mexico’s duties, because if they do not follow the rules of the US-Mexico-Canada Trade Agreement rules, their equipment is still subject to 25 % of fantasy-related revenue. Those duties are there for the moment, with an indefinite waiver for goods according to USMCA.
“China is unlikely to change its strategy: Strive to Trump, and give Trump his hand to Trump,” said Daniel Russell, Vice President of International Security and Diplomacy at the Asia Society Policy Institute.
Russell said, “Other countries will welcome the 90-day stay-if it runs-but the permanent zigzag creates the uncertainty that the business and the government hate.”
Trump’s prices gave rise to long sales, leaving trillions of dollars from the global stock and pressing us. Treasury bonds and dollars, which are the backbone of the global financial system. Canada and Japan said they would take steps to provide stability when needed – a task that is usually done by the United States during the economic crisis.
Analysts said the sudden rise in shares prices could not eliminate all losses. Business investment and household spending have been facing slowdown due to problems about the impact of prices in the survey, and a Reuters/IPSO survey revealed that three out of four Americans are expected to increase prices in the next months.
Goldman Sax reduced the possibility of his recession by 45 % after Trump’s move, less than 65 %, saying the rest of the rates are still likely to increase the overall rate of 15 %.
Treasury Secretary Basant stopped questions about the market turmoil, saying that suddenly the overturned countries revenge to the countries, who focused on Trump’s advice to abstain from retaliation. He suggested that Trump used taxes to take advantage of the maximum negotiations. “This was his strategy,” Basant told reporters. “And you can also say that he put China in a bad state.”
Basant country is an important person in the country’s talks with foreign aid and military cooperation as well as resolving economic issues. The White House said Trump had spoken to Japan and South Korean leaders, and a Vietnam delegation met with US officials on Wednesday to discuss trade issues.
Basant declined to say how much time it may take with the talks with more than 75 countries.
Trump said a resolution with China is also possible. But officials have said they will prefer dialogue with other countries.
“China wants to make a deal,” Trump said. “They just don’t know how much it is about it.”
Trump told reporters that he had been considering a break for several days. On Monday, the White House condemned a report that the administration was considering such a move, and calling it “fake news”.
Earlier on Wednesday, before this announcement, Trump tried to assure investors, posting on his truth’s social account, “Stay cool! Everything is going to work well. America will be bigger and better than ever!”
Later, he added: “It’s a great time to buy !!!”
– Additional input from Reuters
