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Trump to investors: "This is a great time to get rich!"

05 April 2025 11:58

US President Donald Trump has reaffirmed his commitment to an economic policy focused on attracting major investment into the country, stating that his approach will remain unchanged as his administration implements sweeping new tariffs on imports.

Speaking to “investors coming to the United States and investing massive amounts of money,” Trump wrote on Truth Social: “My policy will never change.” He added, “Now is a great time to get rich, richer than ever before,” in an effort to underscore what he sees as a moment of major opportunity within the US economy.

On April 3, the American president voiced confidence that the introduction of new tariffs by Washington would lead to a substantial influx of capital. “We will bring in $6-7 trillion in investments into the US economy,” Trump said, arguing that the protectionist measures would serve as a powerful magnet for manufacturing and business.

The tariff policy, announced on April 2, targets goods from 185 countries and territories. Trump declared that the US would apply a minimum import tariff rate of 10% across the board, with individually tailored tariffs for certain countries. Notably, beginning April 3, a 25% tariff was imposed on all cars imported into the United States.

Trump has repeatedly emphasized that these tariffs are designed to protect domestic industry and encourage businesses to relocate production back to American soil. “Companies that move their manufacturing operations to the United States will not face tariffs,” he reiterated.

Countries affected by the tariffs include major economies such as China and members of the European Union. In response, China announced on April 4 that it would impose retaliatory tariffs of 34% on US goods. The move signals a sharp escalation in trade tensions between the world’s two largest economies.

The market response to the trade measures has been swift. US stock indices continued their downward trend, with the Dow Jones opening 2.2% lower, the S&P 500 falling by 2.5%, and the NASDAQ dropping by 2.6%. The declines follow mounting investor concerns over the potential impact of a prolonged trade conflict.

Caliber.Az
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