The President’s “No Pain No Profit” strategy to stimulate US economy – “The United States must feel pain”
With 10% basic duties now valid on all imports in the US, President Donald Trump made it clear to Americans with a post on Truth Social that his venture “It won’t be easy.”
‘Back’ He wrote after his duties have caused some of the biggest losses on Wall Street for several years.
However, the US president insisted that his financial strategy would produce “historical results” by bringing back jobs and businesses “Like never before.”
While countries and businesses around the world continue to evaluate President’s strategy ‘No pain of no profit’ To stimulate the US economy, Ralph Gundail, a Canadian High Commissioner in the United Kingdom, estimated in the BBC that a reaction inside could lead Trump to change course.
‘The United States must to feel the pain, Because in the end the Americans will be the ones who will convince their governments that they have to stop this nonsense. “he said.
Although Trump has not shown signs of withdrawal, he has stated that he is open to negotiations with America’s trade partners.
Protests against the president’s sweeping changes in a series of issues – from the dismissal of government officials to cuts in education – took place on Saturday in the US, and are considered successful.
According to the BBC, they are likely to reflect their increasing fears that new duties are going to exacerbate an already painful cost of life.
CNN journalist and analyst Farid Zakaria offered a brutal assessment of President Trump’s duties announcement, saying it is “The opposite of what is supposed to be the American economy.”
‘This can is the biggest mistake In the economic policy I have seen in my life » He said characteristically.
‘You already see the verdict of markets’, he said. ‘Everything shows that this was a disaster, and there will be more pain then » Zakaria warned.
He argues that Trump creates an economy where everyone will have to go to Washington to gain the favor of politicians, “whether you are a country or a company.”
‘It’s really radically anti -American’ he said.
@cnn CNN’s Fareed Zakaria Says President Donald Trump’s Tariffs OpenS the Doors for Unprecedented Opportunities for Corruption From Companies Seeking Favor in Washington DC.
♬ Original Sound – CNN
Source :Skai
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