Settlement occurs amid the anger of the Democrats with the withdrawal that shook the markets, while Republicans praise Trump’s “art of agreement”
US actions fell again on Thursday after a historic recovery after Donald Trump’s shocking withdrawal on heavy fees he had imposed on dozens of countries.
The falls occurred when the president blamed “transition problems” by the market reaction and the settlement deepened after a clarification from the White House noted that total tariffs about China were increased by 145% since Trump took office.
Speaking at the White House, Trump said, “We think we’re in great shape. We think we’re doing very well. Again, there will be a transition cost, transitional problems, but in the end it will be something wonderful.”
At CNN, former US Treasury Secretary Janet Yellen called Trump’s economic policies the “worst self-inflicted wound” a government has already imposed on a “proper economy.”
Settlement occurs as Democrats continue to react angrily on the sudden withdrawal that shook markets, while Republicans praise Trump’s “art of negotiation”, referring to Trump’s 1987 book.
At the end of Thursday, the Dow Jones rate fell 2.5% after the discharge on Wednesday afternoon. Nasdaq Composite fell more than 4%after registering its highest gain in more than two decades on Wednesday, and the S&P 500 fell 3.4%.
The market seems to be fatigue after a week of ups and downs. The actions did not even react to the news on Thursday morning that the European Union announced the suspension of retaliatory tariffs of 25% on US imports, and new data showed that inflation in the US has slowed down to 2.4% in March-both would usually be cause for optimism in Wall Street.
Trump said in an abrupt announcement on Wednesday that he would implement a 90-day break in his tariff plan and that the products that came in the US from most countries would now face an overall rate of 10% by July, except Chinese exports, which, he said, would face tariffs totaling 145% with immediate effects-125% already imposed by the alleged 20% already imposed by the alleged. China’s role in the Fentanil crisis.
Republican legislators praised the decision to suspend tariffs, with the mayor, Mike Johnson, stating on social networks: “See the ‘art of negotiation’. President Trump has created influence, brought many countries to the negotiating table and will do whatever it takes for American workers, American manufacturers and the future of America!”
Prior to the announcement of the break, a small but growing number of Republican legislators and Trump supporters in the business world expressed concerns about the risks of the president’s tariff policy.
On Wednesday afternoon, many praised Trump for reversal as part of a supposed strategy.
Bill Ackman, Hedge Billionaire Manager and Trump supporter who defended the suspension of trade war over the weekend, reacted to the announcement by saying that “this was brilliantly executed by @realdonaldtrump. Manual, the art of negotiation.”
The benefit of Trump’s approach, Ackman said, “is that now we understand who our preferred business partners are and what the problems are. China has been a bad figure. Our counterparts also have an idea of what life is like if they don’t remove their commercial barriers. This is the perfect scenario for commercial negotiations in the next 90 days.”
But some industry leaders have criticized the tariff and government’s decisions.
On Thursday, Amazon CEO Andy Jassy said the company was still waiting to see the impact of tariffs, but warned that outsourced sellers can “pass on” to consumers.
“The effective tariff rate is actually greater with the break than announced on April 2, due to tariffs on China,” wrote Diane Swonk, chief economist of the KPMG professional service company on social networks. “There will be some deviation through connecting countries. However, the effective tariff rate now reaches the peak of 30.5% during the break. This is worse than our worst scenarios.”
While Republicans and White House employees praised Trump’s decisions, Democratic legislators, such as Senator Chuck Schumer, reacted. Schumer told his supporters that “this chaos is all a game for Donald Trump.”
“He thinks he’s playing with red light and green light with the economy,” said Schumer. “But this is very real for American families.”
Some democrats made accusations of possible market manipulation.
“These constant fluctuations in politics create dangerous opportunities for the use of privileged information,” said Senator Adam Schiff. “Who in the government knew about Trump’s last tariff turnaround in advance? Has anyone bought or sold shares and profited at the expense of the public? I’m writing to the White House – the public has the right to know.”
New York representative Alexandria Ocasio-Cortez expressed similar concerns, asking any member of Congress who has bought shares in the last two days to disclose this.
“I’ve heard some interesting conversations in the plenary,” she said. “The deadline for disclosure is May 15th. We are about to learn some things. It’s time to prohibit the use of privileged information in Congress.”
Chamber Democratic Leader Katherine Clark wrote: “Two hours before announcing the suspension of tariffs, Trump told her paid socially subscribers that it was ‘a great time to buy’ on the stock market. Corruption is the name of their game.”
Nevada representative Steven Horsford questioned US commercial representative Jamieson Greer, asking the representative during a committee hearing if the reduction was market manipulation.
“How is this not the market manipulation?” Asked Horsford, to which Greer replied, “No.”
“If it was always a plan, how is this not market manipulation?” Horsford asked again.
“Tariffs are a tool, can be used properly to protect jobs and small businesses in the US, but that’s not what it does,” said Horsford. “So if it’s not market manipulation, what is it? Who is benefiting? What billionaire has just got richer?”
Originally published by The Guardian on 10/04/2025
By Anna Betts and Lauren Aratani in New York
Source: https://www.ocafezinho.com/2025/04/10/acoes-dos-eua-caem-novamente-enquanto-ex-presidente-do-fed-denuncia-ferida-autoinfligida-das-tarifas-de-trump/
