NOTE: VIDEO AT THE END OF ARTICLE
Amid rising tensions over new trade tariffs, President Donald Trump is doubling down, urging Americans to “hang tough” and promising that the long-term results will be “historic.”
In a weekend post on his TruthSocial platform, Trump defended his sweeping tariff plan, which includes a universal 10% tariff on all imports and higher rates for certain countries. The policy triggered a sharp sell-off on Wall Street, sending the Dow Jones and S&P 500 to their lowest levels in nearly a decade.
Despite the market fallout and fierce criticism from Democratic leaders and major media outlets, Trump framed the tariffs as a catalyst for a national economic revival.
“Over five trillion dollars in new investment already—this is an economic revolution,” he posted. “We’re rebuilding American industries like never before.”
Financial markets have been volatile since the tariffs were announced. Yet Trump maintained that short-term pain will lead to long-term gain, encouraging Americans to remain resilient. “It won’t be easy,” he wrote. “But the results will be HISTORIC.”
Trump also took aim at China following its announcement of a 34% retaliatory tariff on U.S. goods. He claimed the Chinese government miscalculated its response and was now in a state of “panic.”
“We’ve been taken advantage of for too long,” Trump said. “Those days are over—we’re no longer the world’s economic pushover.”
A viral TikTok video, which Trump reposted to his TruthSocial, claimed that he was intentionally pressuring the stock market as part of a strategy to shift capital toward U.S. Treasuries. The narrator in the video suggested that the tactic was meant to trigger lower interest rates from the Federal Reserve, citing billionaire investor Warren Buffett as praising Trump’s recent economic moves as “the smartest in 50 years.”
In an unexpected twist, Trump announced on Friday that he had spoken with Vietnamese leader To Lam, who reportedly expressed interest in reducing tariffs to zero if a deal with the U.S. can be reached. Just days earlier, Trump’s administration had slapped a 46% tariff on Vietnamese imports.
“Vietnam wants to work with us,” Trump said. “I thanked To Lam and told him I look forward to discussing this further in person.”
The news gave a boost to stocks tied to manufacturing in Vietnam. For instance, Nike’s shares jumped more than 4% following Trump’s social media announcement.
Despite the ongoing trade skirmishes, recent data from the Labor Department showed that the U.S. economy continues to grow. In March, employers added 228,000 jobs—far exceeding expectations and signaling that the labor market remains strong in the face of economic uncertainty.
https://www.youtube.com/watch?v=gsoeEoetNn0
