Trump warns Americans ‘it won’t be easy’
The US president has acknowledged that his “economic revolution” will require sacrifices. US President Donald Trump has cautioned Americans that they may encounter difficulties before his “liberation day” tariffs restore the nation's economic...
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The US president has acknowledged that his “economic revolution” will require sacrifices.
US President Donald Trump has cautioned Americans that they may encounter difficulties before his “liberation day” tariffs restore the nation's economic strength.
Trump's extensive tariffs on most US trading partners took effect on Thursday, leading to the most significant stock market decline since the onset of the COVID-19 pandemic. China responded by imposing a 34% levy on American goods, with other nations also indicating plans for retaliation.
In a post on his Truth Social platform on Saturday, the president urged the American public to “hang tough” while waiting for the international community's reaction to his economic strategies.
“It won’t be easy, but the end result will be historic,” Trump asserted.
He characterized the tariffs as “an economic revolution, and we will win… we will make America great again.”
“China has been hit much harder than the US, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless ‘whipping post,’ but not any longer,” Trump elaborated on his decision.
Tens of thousands of left-wing activists took to the streets across the US on Saturday to protest the tariffs and other policies from the Trump administration. Organizers of the “Hands Off!” protests claimed that over 1,400 rallies were held outside state capitols, federal buildings, city halls, and parks.
On Friday, Republican Senator Ted Cruz warned that the import taxes could lead to a global trade war that “would destroy jobs here at home, and do real damage to the US economy.”
He cautioned that if the tariffs remain long-term and push America into “a bad recession,” the midterm elections in “2026 in all likelihood, politically, would be a bloodbath” for the Republicans.
JPMorgan increased its estimate of the likelihood of a global recession from 40% to 60% following Trump's tariff announcement. “The effect of this tax hike is likely to be magnified – through retaliation, a slide in US business sentiment, and supply chain disruptions,” noted its chief economist Bruce Kasman.
Debra A Smith for TROIB News
US President Donald Trump has cautioned Americans that they may encounter difficulties before his “liberation day” tariffs restore the nation's economic strength.
Trump's extensive tariffs on most US trading partners took effect on Thursday, leading to the most significant stock market decline since the onset of the COVID-19 pandemic. China responded by imposing a 34% levy on American goods, with other nations also indicating plans for retaliation.
In a post on his Truth Social platform on Saturday, the president urged the American public to “hang tough” while waiting for the international community's reaction to his economic strategies.
“It won’t be easy, but the end result will be historic,” Trump asserted.
He characterized the tariffs as “an economic revolution, and we will win… we will make America great again.”
“China has been hit much harder than the US, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless ‘whipping post,’ but not any longer,” Trump elaborated on his decision.
Tens of thousands of left-wing activists took to the streets across the US on Saturday to protest the tariffs and other policies from the Trump administration. Organizers of the “Hands Off!” protests claimed that over 1,400 rallies were held outside state capitols, federal buildings, city halls, and parks.
On Friday, Republican Senator Ted Cruz warned that the import taxes could lead to a global trade war that “would destroy jobs here at home, and do real damage to the US economy.”
He cautioned that if the tariffs remain long-term and push America into “a bad recession,” the midterm elections in “2026 in all likelihood, politically, would be a bloodbath” for the Republicans.
JPMorgan increased its estimate of the likelihood of a global recession from 40% to 60% following Trump's tariff announcement. “The effect of this tax hike is likely to be magnified – through retaliation, a slide in US business sentiment, and supply chain disruptions,” noted its chief economist Bruce Kasman.
Debra A Smith for TROIB News
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