President Trump's Tariffs and Market Reaction

New Tariffs and Market Plunge

• 📉 New tariffs took effect this weekend, leading to a major plunge in global markets.
• ⚠️ Markets in Asia nosedived, and US market futures are down significantly, indicating the potential for the worst market selloff since the pandemic.

President Trump's Stance

• 🗣️ President Trump urged Americans to "hang tough," stating that while "it won't be easy, but the end result will be historic."
• 📈 A 10% across-the-board tariff is now in place, with steeper reciprocal tariffs set to begin.
• 🌍 The White House reported that more than 50 countries have reached out to begin negotiations, suggesting they understand the impact of the tariffs.

President's Weekend Activities

• ⛳ President Trump spent his weekend golfing in Florida, reaching the finals of his senior club championship.