“Trump’s ‘will he, won’t he’ tariff chaos is just one more con on working people.”
That’s what Melinda St. Louis, Global Trade Watch director at the watchdog group Public Citizen, said in a Wednesday statement after U.S. President Donald Trump announced a 90-pause for what he has called “reciprocal” tariffs, excluding China.
It seems Donald Trump wants a recession. Why? A recession will drive down the price of real estate, companies, and shares of stock. Trump and his fellow billionaires want o buy everything on the cheap and then enjoy the ride upward-no matter the cost to working people.
“OUR PLAN IS WORKING PERFECTLY AND IS JUST A NEGOTIATING TACTIC BUT IT IS ALSO GOING TO BE PERMANENT AND WE WILL BE THE WORLD LEADER IN TEXTILES AND NOW THERE IS A PAUSE AND EVERYONE NEEDS TO CHILL BUT ALSO WE WILL NEVER BACK DOWN AAAAAAHHHHHH.”
US stocks tumbled today after the White House clarified that its tariff on all Chinese goods was at least 145% — even higher than previously believed. This comes a day after US stocks skyrocketed following President Donald Trump’s announcement of a 90-day pause on all “reciprocal” tariffs, except for China. Beijing, meanwhile, implemented its own retaliatory tariffs of 84% on US goods.
• Trade negotiations: Trump just defended his tariff policy in a Cabinet meeting, saying his administration is “working on deals” with multiple countries. Earlier today, the EU announced it would pause its retaliatory US tariffs for negotiations. Even after Trump’s U-turn, economists say the damage is done.
DOW down 1,835.94, S&P 500 down 281.5 5.5% mid-day April 10,2025
A majority of Americans voted for Donald Trump!
Coast Contact 