Liberation Day Trump Has A Plan. But Will It Make Things Worse? Yanis Varoufakis Bitcoin News Bitcoin Crash Crypto News #trump #tariffs #stockmarket #trading
Hello everyone. After a day of stock market shocks and global recriminations, there are reasons to question whether President Donald Trump fully grasps the consequences of the tariff barrage that he used to fire up a global trade war.
βI think itβs going very well,β Trump told reporters Thursday, in the aftermath of his βLiberation Dayβ announcement the day before.
βIt was an operation like when a patient gets operated on and itβs a big thing,β Trump said. βWeβve never seen anything like it. The markets are going to boom. The stock is going to boom. The country is going to boom.β
Former Greece finance minister Yanis Varoufakis, a well-respected political commentator argues that Trumpβs shock is similar to Nixonβs shock in 1971. He believes China is the main target of the tariffs.
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