As global stock markets experience significant turbulence due to a new round of U.S. tariffs, U.S. President Trump stated on the 4th that he will continue to implement current policies and promised that investors will benefit from them.
He posted on his social media platform "Truth Social" saying: "For the many investors who are pouring into the U.S. and investing heavily, my policies will never change. It's a great time to become wealthy, even more so than ever before."
He also encouraged, "Job data is great, far exceeding expectations. It has worked. Stay the course, we can't lose."
Regarding the Chinese government announcing a series of countermeasures, including imposing a 34% tariff on all imports originating from the U.S., Trump said: "China screwed up, and they're panicking—this is something they absolutely shouldn't have done."
Meanwhile, Trump disclosed that Vietnam has proposed a willingness to cut tariffs on imports from the U.S.
He said: "Just had a very fruitful call with General Secretary Nguyen Phu Trong of the Communist Party of Vietnam, he told me that Vietnam wishes to reduce tariffs to zero in hope of reaching an agreement with the U.S. I thanked him on behalf of our country and look forward to meeting him soon."
Trump's new tariff policy has caused widespread impact on the U.S. stock market, affecting almost all industry sectors.
As investors fear that Trump's global tariffs may trigger a widespread trade war and plunge the global economy into recession, they are fleeing from higher-risk assets.