Donald Trump told Americans on Saturday to “hold tough” in the face of economic turmoil caused by sweeping tariffs introduced on April 2.
In a post on his Truth Social site, the US President promised “historic” results from what he called an “economic revolution”.
Alarm about the fallout of Wednesday’s tariff announcement has gripped global financial markets, with Wall Street’s fear level at a five-year high while financial executives expressed shock and worry about economic growth.
Trillions were wiped off stock market values as investors said they were fearful about the risk of recession ahead. US stock markets slumped more than 10 percent in two days, with the Nasdaq Composite now in a bear market, as China imposed fresh tariffs on all US goods, sparking worries of an extended global trade war. (Reuters)
