Trump says he’s for Main Street, not Wall Street
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The United States economy is witnessing rapidly rising long-term interest rates, a GDP that is set to decline for multiple quarters, and inflation data jumping up. While the global financial markets are dealing with the tariff attacks, Donald Trump has stated that he is for Main Street, not Wall Street. The S&P 500 saw another decline of 100 points as Trump’s reciprocal tariffs officially kicked in. It is now turning out to be the largest bull trap in history. European stocks are in the wildfire as the Stoxx 600 tanked 3.3%. All sectors got wrecked, not sparing healthcare, energy, or real estate. The crypto market also extended its downward run as Bitcoin price dropped by almost 4% over the last day. Main street vs Wall street? Speaking at a GOP fundraiser, US President Donald Trump stated that he is proud to be the President for the workers and not the outsourcers. Trump added that he “stands up for Main Street, not Wall Street who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.” He even mocked world leaders trying to strike trade deals with the US saying: “These countries are calling us up, kissing my ass. ‘Please, please sir make a deal. I’ll do anything, sir.’” I’m proud to be the President for the workers, not the outsourcers; the President who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe. Donald Trump Truth Social… — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 9, 2025 This comes after the White House confirmed a staggering 104% tariff hike on Chinese imports, effective Wednesday. It all escalated after Beijing’s refusal to…
Filed under: News - @ April 9, 2025 1:22 pm