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In the latest world news, former U.S. President Donald Trump has reiterated his aggressive trade stance, brushing off economic concerns by declaring that oil prices are down and inflation is under control. Despite sharp market reactions, Trump remains steadfast in his decision to expand tariffs on key global imports.
In a series of confident statements, Trump asserted that the U.S. is “making a fortune” from these tariffs. His comments follow global economic volatility, especially in light of growing fears of a recession and an ongoing standoff with China.
“Oil prices are down, there is no inflation, and the country is making a fortune on tariffs,” he said, urging Americans to stand firm as global tensions rise.
China’s Retaliation Sparks Concern
On the other side of the globe, China announced a 34% tariff on U.S. imports beginning April 10 — a retaliatory response that has rattled investors and reignited trade war fears. Trump responded by labeling China as “the biggest abuser” in international trade, continuing his long-standing criticism of the country’s policies.
This development has added fuel to global market unrest, with the Dow Jones, S&P 500, and Nasdaq experiencing significant losses. Investors are growing wary, watching closely as these trade tensions threaten to derail international growth.
World News Today: Oil Prices Down, But Risks Remain
While Trump points to falling oil prices as a sign of economic stability, economists caution that the broader effects of his tariff policies could be detrimental. Several industries — including technology, manufacturing, and retail — may face the brunt of rising input costs, disrupted supply chains, and declining investor confidence.
In response to market pressures, Trump has also urged the Federal Reserve to lower interest rates, claiming it would support domestic growth and complement his tariff strategy.
Trump to the Public: “Be Strong, Be Patient”
“Be strong, be courageous, be patient,” Trump said, assuring citizens that the temporary discomfort caused by trade restructuring would result in long-term gains for the nation.
Despite these reassurances, analysts continue to warn of lasting consequences. Rising trade barriers could slow down global commerce and increase tensions between economic superpowers — a pressing topic in world news today.
Conclusion
As this story continues to unfold, the world is watching closely. The future of international trade, global markets, and economic stability hangs in the balance — and Donald Trump’s tariff war remains at the center of it all.
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