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Trump's abuse of tariffs unsettles 'staunch allies, die-hard fans'

2025-04-14 12:38:47       source:CGTN

April 14, 2025


On April 9, U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs.


In a dramatic change of policy, just hours after levies against roughly 60 of U.S. trading partners kicked in, Trump said he was authorizing a universal "lowered reciprocal tariff of 10 percent" as negotiations continued, adding that the pulling back of tariffs is because people were "yippy and afraid" due to the stock market declines.


The market crash has unsettled Trump's staunch allies on the Wall Street, Silicon Valley billionaires like Elon Musk, congressional Republicans and even die-hard MAGA fans.


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https://news.cgtn.com/news/2025-04-14/Trump-s-abuse-of-tariffs-unsettles-staunch-allies-die-hard-fans--1CyHfV5mx8c/p.html