Actions took another dizzying turn on Wednesday afternoon after President Donald Trump announced a brutal 90-day break on his prices for 75 countries.
According to Trump, his team and some of his supporters: this is part of his great master plan.
“As I said in the past, no one creates a lever effect like @potus,” said Treasury Secretary Scott Bessent on X, after the pricing break.
Bessent said in a press conference that the break is the result of Trump’s “successful negotiation strategy”, which has brought more than 75 countries to the table, repeating Trump’s messaging to overthrow.
“Conversely, and based on the fact that More Than 75 Countries Have Called Representatives of the United States, Including the Department of Commerce, Treasury, and the Ugotiate A Solution To The Subjects Being Discusd Relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, And that these country has not not, at My Strong Suggestion, Retaliated in Any Way, Shape, or Form Against the United States, I have Authorized A 90 The break of the day, and a reciprocal price considerably reduced during this period, 10%, also immediately, “wrote Trump on Truth Social.
A White House spokesperson did not respond to a request for comments.
Many CEOs and experts said that Trump’s “Liberation Day” prices were inflationary and would bear strong economic consequences.
There are less than 24 hours, American actions have dropped for the fourth consecutive day.
With a 90 -day Trump price break – leaving China with a price rate of 125% – the S&P 500 has climbed up to 9%.
Experts like Joanne HSU, director of investigations at the University of Michigan with consumers, generally say that market uncertainty is bad for the economy because it can lead to a negative feeling of consumers and a reduction in expenses.
“If people think that the economy is deteriorating and expecting their own income to weaken, it is difficult to imagine how robust consumer spending can be,” HSU previously told Business Insider.
For the president’s team and supporters, it’s just a classic Trump.
“Many of you in the media have clearly failed” the art of agreement “, said on Wednesday the secretary to the press Karoline Leavitt, referring to Trump’s book in 1987.” You clearly have not seen what President Trump does here. “
The founder of Pershing Square, Bill Ackman, who criticized Trump’s pricing movements a few days ago, said on X: “This was brilliantly executed by @realdonaldtrump. Manuel, art of the agreement.”
Dan Scavino, deputy chief of the White House, simply posted on X: “The art of the agreement”.
Trump’s memories, which were written by Tony Schwartz and who have sold more than a million copies, is part of his career as a real estate developer and gives an overview of the president’s philosophy of affairs.
“Trump made his disastrous prices for a main reason: he has a conviction for life that he is scammed by everyone and a corresponding desire for reprisals,” said Schwartz, who shaded Trump for 18 months when writing “the art of agreement” in the 80s, in an article on April 3 on X.
Schwartz did not respond to a request for comments.
One of the lessons in the management of book preaching is a simple approach: “Loving very high”.
“My transaction style is quite simple and simple,” he wrote. “I aim very high, then I continue to push and push to get what I am afterwards. Sometimes, I am satisfied less than I was looking for, but in most cases, I always find myself with what I want.”
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