United States President Donald Trump said on Sunday night that he is “open to talking” with world leaders about new agreements, during the instability triggered by commercial wars.
Trump also stated that he spoke to “many countries” and that despite the reaction abroad about his business attacks on “Liberation Day”, “they are being very kind.”
But when he flew back to Washington aboard the Air Force One, the actions fell at the opening in Tokyo and the US futures suggested that.
“What will happen to the market? I can’t tell you, but I can tell you, our country has become much stronger and eventually it will be a country like no other.”
Donald Trump
With markets closed over the weekend after days of devastating losses, the government had a chance to take stock. But there is no clarity about your strategy, as political bets become more tense.
High employees sent signs on Sunday about whether Trump sees the economic war he triggered last week as a lever for short -term agreements, or if he is serious about an attempt to redo the world economy that may take years.
The confusion occurred in a scenario of discomfort between Republican legislators about the commercial attack, while large crowds across the country performed Anti-Trump protests in the greatest demonstration of discontent with their second term.
The president and his senior advisors also seem alien to anxiety in the country about the possibility of their policies to cause a recession, or feel so safe from their opinions that they really don’t have to care.
Although the US president insists that his tax cut plans will all make everyone more prosperous, he is still risking after winning a second term, in part because voters felt that the Biden government did a bad job in combating inflation.
The justification for Trump’s rates in 185 nations and territories is that the rest of the world has spent decades stealing the United States and that the most aggressive protectionism in decades will return jobs to US industrial centers.
It is true that the profits of globalization, which saw many jobs in the US disappear abroad, were not equally shared. But the United States is the nation that has profitable with the free trade system that Trump seeks to destroy.
The impact of tariffs greater than expected threatens so much disturbance that throws the US and the world in a recession, causing huge job losses and destroying the finances of millions of people.
These fears are in part behind the collapse of global markets last week and fears that the worst is to come.
Indifference to the growing economic fears in the US
O, Dow and S&P 500 fell more than 5% on Friday and alarmed millions of Americans whose pensions depend on their plans.
But Treasury Secretary Scott Bessent insisted that there was no recession and ruled out the long -term impact of action market losses, using words such as “instability” and “adjustment process” to explain panic.
And speaking of NBC’s “Meet The Press”, Bessent rejected the idea that people who want to retire soon have suffered a serious blow.
“Americans who have kept for years in their savings accounts, I think they don’t look at everyday fluctuations of what is happening,” said Bessent.
“The reason the stock market is considered a good investment is because it is a long term investment. If you look day by day, week by week, it is very risky. In the long run, it is a good investment,” he added.
Such attitudes raise the question of whether the president’s strategy will cost him public support – especially if tariffs remain in force for months and price increases begin to affect families.
Recent national research at The Wall Street Journal, CBS News and Marquette University Law School, all made before the announcement of Trump’s “Liberation Day”, found that most Americans disapproved of the president’s tariff policies.
Some republican senators are already nervous. Several signed a measure supported by Republican Senator Chuck Grassley to demand that the presidents justify new rates to Congress. Legislators would have to approve them in 60 days or they would expire.
Senator Maria Cantwell, Washington State Democrat who had co-liding the effort with Grassley, said on Sunday that the bipartisan momentum was growing behind the bill and that seven republican senators were now listed as co-patrocinators in an unusual rupture with Trump.
“I’m sure they hear their voters. Consumer challenges are already beginning to emerge, and certainly the impact of the retirement income stock market is shaking many people,” Cantwell said at CBS.
The measure, however, faces a much more difficult path in the House, and it is doubtful that it can now accumulate majorities to the veto proof.
After months of mourning for the defeat in November, democrats are showing signs of life. A liberal candidate won a wide victory in a race for a chair in the Supreme Court of Wisconsin last week.
And the size of the protests against Trump and Elon Musk in many cities on Saturday can be an omen of the awakening of a resistance movement over one and a half before the 2026 middle term elections.
But Trump is not showing any sign of course correction. He wrote on his social truth on Saturday that “we went to the ‘stupid and helpless whip pole, but not anymore.”
The president added, “This is an economic revolution, and we will win. Wait hard.” The next day he was back in the golf course.
