Donald Trump made one startling announcement that caught Wall Street off guard
President Trump’s flair for the dramatic was on display.
All the stock market gurus and financial experts were predicting disaster.
And Donald Trump made one startling announcement that caught Wall Street off guard.
Liberation Day naysayers might be getting nervous
Earlier this year, President Trump declared that April 2 would be “Liberation Day.”
The President announced he was imposing a 10 percent global tariff on all goods imported into the United States and reciprocal tariffs on every country based on their tariffs, and practices to cheat American companies, such as currency manipulation, subsidies, and value-added taxes.
President Trump declared it was time to end the liberal world order’s unfair trade rules that allowed other countries to rip off American jobs and wealth.
Trump told Americans his tariffs would bring about a new “golden age” as companies reshored their manufacturing to the United States and restored the Middle Class, which was hollowed out by the globalist trade deals that began with NAFTA.
The stock market tanked and dropped 10 percent as investors, Democrats, the media, and establishment RINOs predicted Trump’s tariffs would drive America into a second great depression, just like, as they claimed, the Smoot-Hawley tariff caused the first great depression.
But in the five weeks since “Liberation Day,” the stock market regained all its losses.
President Trump paused the tariffs for 90 days to allow countries to negotiate new trade deals that ended unfair trade practices and benefited American workers.
President Trump announces trade deal with the United Kingdom
Trump announced the first trade deal he agreed to was with the United Kingdom.
The President wrote on Truth Social that the deal was “comprehensive” and that more deals with countries like India, South Korea, Vietnam, and Japan were on the way.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!” Trump posted.
Stock market futures soared nearly 400 points on the announcement of this deal, and Trump’s promise of future trade agreements coming down the pike.
Trump’s plan to revive the sagging economy Joe Biden left behind involved three prongs.
The first was cutting spending, since out-of-control spending was the root cause of inflation.
Government spending declined by 5.1% in the first quarter of 2025, and inflation cooled faster than expected.
Trump is also counting on his “one big, beautiful bill” to pass this summer.
This legislation will lock in the 2017 tax cuts and pass new tax cuts, such as “no taxes on tips” and “no taxes on overtime pay,” to put more money in the pockets of working-class Americans.
And finally, there is trade.
Trump argued that tariffs will reset the global economy and revive the fortunes of Main Street, which Trump argued took a back seat for far too long to Wall Street.
