Former U.S. President Donald Trump has doubled down on his aggressive trade stance, calling tariffs a “very beautiful thing” in a new social media post, even as global markets, including Japan’s Nikkei 225, suffered heavy losses in response to rising trade tensions.
In a post made early Monday morning, Trump wrote, “We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A.” He added that the tariffs are “already in effect, and a beautiful thing to behold.”
Trump took a swipe at U.S. President Joe Biden, blaming his administration for growing trade deficits and vowing to reverse them quickly. “The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY,” he declared.
The statement follows a weekend of strong rhetoric from Trump and top officials in his administration, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, both of whom reiterated that tariffs would not be delayed or softened.
The impact of this hardline stance was immediately felt in Asia, where Japan’s stock market crashed on Monday and extended losses on Tuesday. The Nikkei 225 Index has now dropped more than 12% in two days, with investors fearing a prolonged global trade standoff.
Trump’s remarks signal an unrelenting push for trade protectionism as a core campaign and economic strategy, with potential ripple effects across global supply chains and investor confidence.
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