US President Trump posts "..Companies are thriving because of TARIFFS. The United States of America has taken in Hundreds of Billions of Dollars, and quadrupled (at least) National Security, all as a result of the Economy Saving TARIFFS!"
Newsquawk Staff ·
Full post: "ScraperJust left Coosa Steel Plant, in Rome, Georgia, which is now working 24 hours around the clock, after it was down to just one hour a year ago. It is like that up and down throughout the Country — Companies are thriving because of TARIFFS. The United States of America has taken in Hundreds of Billions of Dollars, and quadrupled (at least) National Security, all as a result of the Economy Saving TARIFFS!"
What it means
President Trump's comments emphasize the perceived economic benefits of tariffs, particularly in shaping domestic production and national security. This rhetoric may heighten expectations around continued protectionist policies, impacting Forex and commodity markets, particularly in sectors like steel and manufacturing, while also potentially influencing market sentiment regarding U.S. trade relations and economic growth.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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