President Donald Trump remained challenging about his newly established global rates despite hard retaliation actions that China announced on Friday.
Trump shared his disappointment in Beijing and suggested that they should have acted earlier to close a deal.
“China played it wrong, they panicked – the only thing they can't afford to afford!” Trump wrote on Friday morning on Truth Social.
Beijing announced that they would impose mutual rates of 34 percent on all imports from the United States.
That was after Trump focused a 34 percent extra rate on Chinese goods on Wednesday.
The Chinese tariff committee of the State Council condemned Trump's decision to level rates as 'typical unilateral bullying practice', from the United States that 'was not in accordance with international trade rules'.
Trump insisted on more companies to respond to the rates by investing in the United States.
'For the many investors who enter the United States and invest huge amounts of money, my policy will never change. This is a good time to get richer, richer than ever before !!! “He wrote on social media.
The industrial average of Dow Jones fell 1,679 points, almost four percent, and the Nasdaq fell almost six percent. The S&P 500 also fell by 4.8 percent.
US President Donald Trump gestures to members of the media before they board
Trump rejected the steep stock market losses on Thursday, which suggests that this was the product of the recruitment of the global economy.
“The operation is over and now we let it settle,” he said at Air Force One.
He continued by comparing the economy with a sick patient who had just completed an emergency operation.
“It is to be expected, this is a patient who was very sick, we inherited a terrible economy as you know, with many problems, including the loss of production and plants that have been closed throughout the country,” he said.
He pointed out that the United States had lost 90,000 factories since the 1990s when the NAFTA trading agreement was paved.
“It was a sick patient, it went through surgery on Liberation Day and it will be a thriving country, a very flourishing country that it will actually be great,” he said.
Trump urged more companies to build their production factories in the United States.
“I think it's going to work,” he said. 'Do not forget that there are no rates when you build your plant or that you are building and making your product in the US'
The president also brought the news about the strong task numbers for the month of February, pointing at the unexpected jump of 228,000 jobs created last month
'Great work number, much better than expected. It already works, “he wrote on social media. “Hang hard, we can't lose !!!”
