ENGLISH NEWS International

People are losing their jobs, TRUMP’S DESTROYING THE ECONOMY : report

Mario Nawfal

@MarioNawfal
🇺🇸 PRESS SEC: TRUMP EYES DIVERSE U.S. MANUFACTURING

“The president wants to increase manufacturing jobs here in the United States Of America, but he’s also looking at advanced technologies.

There’s an array of diverse jobs, more traditional manufacturing jobs as you discussed, but also, jobs in advanced technologies.

He believes we have the labor, we have the workforce, we have the resources to do it.”

Mario Nawfal

@MarioNawfal
🇺🇸 PRESS SEC: IRAN HAS A CHOICE — STRIKE A DEAL OR THERE WILL BE HELL TO PAY

“The president has reimposed crippling sanctions on the Iranian regime, and he’s made it very clear to Iran they have a choice to make.

You can strike a deal with the president, you can negotiate, or there will be hell to pay.

As the president said yesterday, if they don’t choose to move forward with diplomacy in a deal, there will be grave consequences.”

Mario Nawfal

@MarioNawfal
🇺🇸 REP. ROBERT GARCIA: TRUMP’S DESTROYING THE ECONOMY

“People are losing their jobs, and we’re here talking about furniture while Trump is destroying the economy.

As Trump was imposing his tariffs plan, the prices of almost everything—groceries, housing, clothing, computers—can be expected to go up.

Trump, of course, left the next day to go play golf.

Republicans in Congress wanna debate office space and furniture while the president torches our own American economy and the global economy.”

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Mario Nawfal

@MarioNawfal
🇺🇸ACKMAN: RUSHING THE TRUMP TARIFFS COULD HURT U.S. ECONOMY

Ackman says the U.S. should delay new tariffs by 30 to 90 days to give trade talks a chance before making big moves.

He supports tariffs but says rushing them could cause “unnecessary harm” and hurt small businesses and regular people.

Ackman is one of several business leaders worried about the plan — JPMorgan’s Jamie Dimon and BlackRock’s Larry Fink say it could slow down the whole economy.

Mario Nawfal

@MarioNawfal
🚨 ELON AND ACKMAN SOUND THE ALARM: TRUMP’S TARIFF BLITZ COULD IGNITE GLOBAL ECONOMIC CHAOS

Foreign governments are threatening retaliation.

China has vowed to resist “blackmail.”

The EU is drafting counter-tariffs.

And America’s corporate elite—some of whom backed Trump—are now openly questioning his judgment.

2 of the most influential voices in business—are breaking ranks, warning the tariffs could trigger a chain reaction that crushes investment, slashes jobs, and sends the world economy into a tailspin.

@Elonmusk
: “At the end of the day, I hope it’s agreed that both Europe and the United States should move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America.”

@Billackman
:

“We are headed for a self-induced economic nuclear winter. Business investment will grind to a halt. Consumers will stop spending. Companies will cut jobs. Our brand as a country could take decades to recover.”

Ackman posted the warning days after the new tariffs were unveiled on April 2—what Trump dubbed “Liberation Day.” Since then, the KBW Bank Index has cratered 15.2%, top banking CEOs have held late-night crisis calls, and global stocks have plunged: Shanghai down 4.2%, Japan’s Nikkei down 3.7%, oil off nearly 6%.

Both Elon and Ackman say the message is clear: this isn’t economic nationalism—it’s economic Russian roulette.

Source: Reuters

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Mario Nawfal

@MarioNawfal
🚨🇨🇳CHINA LETS YUAN DROP TO 19-MONTH LOW

The People’s Bank of China set the yuan’s reference rate at 7.2038 per dollar on Tuesday — the weakest fix since Sept 2023 — as the currency hit a 19-month low in spot trading.

Analysts say the modest move is unlikely to mark a shift toward major devaluation, though it could help soften the blow of U.S. tariffs on exports.

But Beijing is treading carefully, wary of triggering capital flight or further angering Trump.

Sources: WSJ

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Mario Nawfal

@MarioNawfal
🚨🇺🇸🇨🇳 CHINA REPORTEDLY PLANS SIX MAJOR COUNTERMEASURES AGAINST U.S. TARIFFS

A report from a WeChat account affiliated with China’s state news agency Xinhua claims Beijing is preparing six major countermeasures against the U.S., though the information remains unconfirmed:

-Major tariff hikes on U.S. agricultural goods like soybeans and sorghum.

-Ban on all U.S. poultry imports.

-Suspension of fentanyl-related cooperation.

-Measures targeting U.S. service trade.

-Ban on U.S. films entering China.

-Investigation into IP benefits of U.S. firms in China.

Source: MKTNews

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