Trump, the president of the United States, gave an update on how the tariffs were going and said they were “very thrilling for America and the earth.”
” Our TARIFF POLICY is performing very well,” the statement continued. Very interesting for both America and the earth! He claimed in a blog on Truth Social that things are moving down quickly.
This is in response to the US dollar’s sharp decline, which is now at a three-year low against the euro, mainly as a result of worries about Trump’s unexpected trade practices. This decline represents a significant improvement over the post-election surge in 2016, when shareholders were confident in Trump’s financial plans.
Trump shared a statement on inflation being down as a weaker dollar raised concerns about rising prices, declining corporate earnings, and declining foreign funding in US businesses. The consumer price index increased only 2.4 % in April from March 2024, making it its lowest annual increase since September. Core consumer rates, on the other hand, experienced their slowest year-over-year rise in nearly four years.
China’s increase in taxes on US products from 84 % to 125 % is the most recent increase in the world’s two largest economies ‘ ongoing business conflict. The US has begun imposing a combined 145 % tax on Chinese goods in response to Trump’s decision to place a 90-day pause on the imposition of tariffs exempting China.
