President Donald Trump encouraged U.S. consumers to “hang tough” amid tariffs against foreign goods since his administration began collecting on them.
The encouragement was needed due to a six-week slump in the S&P 500. On the stock market close Friday, the day before the 10% baseline tariff began, it dropped 10.5%, which is the lowest point since April 2024. This result has prompted some panic, which Trump addressed with a Truth Social post.
“We have been the dumb and helpless ‘whipping post,’ but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast!” Trump wrote Saturday. “THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but
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