Donald Trump has unveiled that he deliberately refueling the stock market with his tariff agenda by again sharing a video that outlined the plan.
The clip made by the fan claimed that the president hopes that the move will force the Federal Reserve to lower the interest rates, so that the trillion can be refinanced to the US debt.
The video describes the action as a 'brilliant chess movement', the video states that Trump will have the stock market crashed in a movement that is designed to weaken the dollar and reduce the mortgage interest this month.
However, the video also wrongly claimed that the controversial tactic has the support of Warren Buffet.
The investor released a denial on Friday through his company Berkshire Hathaway. The video has since also received a community on Twitter that adds this context.
'There are reports that are currently circulating on social media (including Twitter, Facebook and Tik Tok) about comments that were reportedly made by Warren E. Buffett. All such reports are incorrect, “read the statement.
BUFFETT – Long a skeptic of rates – CNBC said that he would not make a public statement about the agenda to the annual meeting of Berkshire on 3 May.
Donald Trump (photo) shared what a fan believed was that his ultimate endgame strategy was for the tarief agenda that forced billionaire Warren Buffet to issue a rare denial
Buffet explained a statement via Berkshire Hathaway later Friday and denied that he said that 'Trump makes the best economic movements he has seen in more than 50 years'
In a subsequent position, Trump insisted directly on the Federal Reserve chairman Jerome Powell, interest rates and 'stopping politics'.
'This would be a perfect time for FED chairman Jerome Powell to lower the interest rates. He is always 'late', but he could now change his image, and quickly, “Trump wrote.
“Energy prices are falling, interest rates are falling, inflation is falling, even the eggs have fallen by 69%, and jobs have risen, all within two months – a big victory for America.”
But in a gloomy prediction, Powell warned: “We are confronted with a very uncertain view of increased risks of both higher unemployment and higher inflation.”
Trump's last comments contribute to the confusing photo that pops up on his intentions with rates.
He has previously stated that the taxes were designed to protect domestic production and generate jobs for Americans without reporting the interest rates.
The president has been at the attack since the 'Liberation Day' event on Wednesday and announced the rates, which Wall Street sent to his worst two -day wipeout in history – with $ 6.6 trillion wiped the value of US shares.
It came as the chance of an American recession this year shot over 60 percent, according to the Kalshi forecast market.
Trump's press secretary Karoline Leavitt said, “To everyone at Wall Street this morning I would trust in President Trump.”
In the meantime, China takes revenge against the United States in a sign of Escalation of Trade War.
After having stabbed Thursday, the shares crashed again on Friday, because it seems increasingly likely that President Donald Trump's rates will cause a global recession.
US shares have lost around $ 11.1 trillion in value since January 17 -the Friday before President Trump started his second term, according to Marketwatch analysis Dow Jones market data.
According to the data, approximately $ 6.6 trillion of it was wiped out on Thursday and Friday alone the largest two -day loss of shareholder value ever registered.
Markets have seen larger percentage decreases, as in 1929 when they tumbled 25 percent that year in October and 29, but never so much in dollars.
This week's massacre has ordinary Americans whose pension savings, including 401 (K), are bound by the market.
Trump's own post goes against what he said earlier on Friday when the Federal Reserve chairman Jerome Powell (photo) criticized the rates, using Trump to force them to force an interest reduction
Trump's press secretary Karoline Leavitt said: “To everyone at Wall Street this morning I would trust President Trump”
When markets were closed in New York at 4 p.m. THe S&P 500 fell by 5.97 percent. The Nasdaq fell 5.82 percent and the Dow Jones 5.5 percent.
This follows on the losses on Thursday for the three major American indices, which varied between 4 percent and 6 percent. The S&P 500 had its worst since March 2020, when the Pandemie crashed the economy.
Friday's sale came after China had imposed new rates on all American goods at night, fulfilling revenge against the radical taxes of President Trump and announced on Wednesday and escalated a worldwide trade war.
Despite the massacre, in panic by Americans who checked their 401 (K) s, IRAs and trade apps were advised to sit tight for the time being and not to panic. They have to speak with the experts who manage their investments and look for a financial adviser if they don't have one.
Some experts say it will be pain in the short term and that the shares will recover. Kevin O'Leary from Shark Tank thinks Trump has a solid plan.
So far there have been few or no winners in financial markets from the trade war. Stocks for all 12 except 12 of the 500 companies that form the S&P 500 index fell on Friday.
The oil prices fell no less than 8 percent, a sign that investors believe that the shipment between America and the rest of the world will soon be closed.
Even gold, a traditional safe haven that recently hit record highs, pulled lower.
The Dow Jones poured on Friday with 2,100 points before they recover somewhat
Stock traders saw a historical decrease in prices due to Thursday and Friday
“The world has changed and the economic conditions have changed,” says Rick Rieder, Chief Investment Officer of Global Fixed Comsion at BlackRock.
The central question that looks ahead is: will the trade war cause a global recession? If this is the case, the stock prices will probably fall even more than they already have. The S&P 500 fell by 17.4 percent compared to its record in February.
The rates have driven shock waves through worldwide financial markets, increasing the fear of a global economic decline and competitive price increases in the sectors on the largest consumer market in the world.
“The Trump administration may play a game of chicken with trading partners, but market participants are not willing to wait for the results,” said Michael Arone, investment expert at State Street Global Advisors.
“Investors sell first and ask questions later.”
Trump's 'baseline' 10 percent rate on goods imported from all over the world will soon come into effect in the early hours of Saturday.
Many other countries will see their rates rates rise above that next week – including the EU by 20 percent and China by 34 percent. A rate of 25 percent imposed on all foreign cars imported into the US came into effect on Thursday.
The Chinese Ministry of Finance said that it would impose a matching rate of 34 percent on all American goods from 10 April.
The rates have driven shock waves through worldwide financial markets, increasing the fear of a global economic decline and competitive price increases in the sectors on the largest consumer market in the world.
A bright spot on Friday was a surprisingly strong job report. The US added 228,000 jobs last month.
