Trump urged Americans to trust in his sweeping tariffs, which have spooked markets and threaten to upend global trade, urging them: "Don't be a PANICAN (A new party based on Weak and Stupid people!)."
The US president has lashed out at those criticising his tariffs policy - who include some of his top backers.
www.bbc.com
Who are the tariff 'PANICANS' derided as 'weak and stupid' by Trump? Turns out he is.
Donald Trump Backs Down On His Trade War Against The World
The ongoing turmoil in financial markets from the day the president declared “Liberation Day” finally generated enough pressure for at least a temporary pause.
www.huffpost.com
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump
posted Wednesday afternoon.
“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”
Now he's taking on China and based on his comment he's doing it not only for us but for the rest of the world.