President Donald Trump is urging Americans to stay patient with his economic strategy, even as the stock market reacts negatively to his new tariffs, dubbed "Liberation Day." In a post on Truth Social, Trump criticized those who are worried about the tariffs and the market downturn, calling them "Weak and Stupid." He emphasized the need for strength and patience to achieve what he believes will be a path to "GREATNESS."
Trump believes the U.S. has a unique opportunity to correct trade imbalances that have persisted for decades. He urged supporters not to panic and to remain strong as they wait for the results of his plans. He even coined a new term, "PANICAN," to describe those who oppose his tariff strategy.
Meanwhile, a group of Republican senators is pushing back against Trump’s approach. They are supporting a bill called the Trade Review Act, which would require Congress to approve any new tariffs. This proposal is backed by seven Republican senators, including Mitch McConnell and Susan Collins.
Despite the backlash, Trump claims that many countries are reaching out to the U.S. to negotiate deals to avoid the tariffs. He mentioned a recent conversation with Japanese Prime Minister Shigeru Ishiba about a potential agreement, highlighting ongoing discussions with various nations.
As stock prices continued to fall, Trump compared the market’s decline to taking medicine. He acknowledged that while he doesn’t want the market to drop, sometimes tough measures are necessary to fix underlying issues. He expressed frustration over what he sees as unfair treatment of the U.S. by other countries, which he claims have taken jobs and businesses away.
In a recent exchange with a reporter, Trump dismissed concerns about market pain, asserting that the U.S. has endured too much from other nations. He reiterated his commitment to changing the current trade dynamics, particularly with China, and expressed confidence that the situation will improve with time and resolve.