Trump hits the golf course as stock market continues to slide from his tariff plans
apnews.com
President Donald Trump arrives at the Trump International Golf Club, Friday, April 4, 2025, in West Palm Beach, Fla. (AP Photo/Alex Brandon)2025-04-04T15:44:23Z WEST PALM BEACH, Fla. (AP) Two days after sending the global economy reeling by announcing tariffs on foreign imports, President Donald Trump insisted his trade policies will never change as he remained ensconced in a bubble of wealth and power in Florida.He woke up on Friday morning at Mar-a-Lago, his private club in Palm Beach, and headed to his nearby golf course a few miles away after writing on social media that THIS IS A GREAT TIME TO GET RICH. Several supporters stood across the street as Trump, wearing his signature red campaign hat and white polo shirt, glided down a street lined with palm trees. They waved to him and he waved back, part of a ritual that plays out every weekend that hes in town. The Republican president was not expected to appear publicly, although hes scheduled to attend a candlelit dinner for MAGA Inc., an allied political organization, on Friday evening. He also spent Thursday in Miami at a different one of his golf courses, where he attended a Saudi-funded tournament. He landed in Marine One and was picked up in a golf cart driven by his son, Eric. Trump has often proved impervious to the kind of scandals or gaffes that would damage another politician, but his decision to spend the weekend at his gilded properties could test Americans patience at a time when their retirement savings are evaporating along with the stock market. The tariffs are expected to increase prices by thousands of dollars per year and slow economic growth, and there are fears about a potential recession. Federal Reserve Chair Jerome Powell said Friday that the tariffs were significantly larger than expected and are highly likely to cause more inflation at least in the short term but possibly in the long term as well. However, Trump has described his policies as a painful yet necessary step to encourage companies to relocate their operations to the United States, and he spent the morning defending himself on Truth Social, his social media platform, vowing he is sticking with his policies. Although experts have harshly criticized Trumps tariffs, hes found support on TikTok. He shared a video that said Trump is crashing the stock market and hes doing it on purpose as part of secret game hes playing, and it could make you rich. The goal, the video said, is to push the Federal Reserve to lower interest rates, something that Trump explicitly called for later in the morning. This would be a PERFECT time for Powell to cut interest rates, he wrote. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!With foreign leaders scrambling in response to Trumps announcement this week, the president lashed out and looked to cut deals. He said he spoke with Vietnamese leader To Lam and claimed Vietnam wants to eliminate its tariffs on U.S. goods if it can make a deal with the U.S.He also criticized China for announcing its own tariffs on U.S. imports.CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO! he wrote.Trump also celebrated a new report showing the U.S. added 228,000 jobs in March, beating expectations. Although the numbers were a snapshot of the economy before the tariff announcement, Trump claimed vindication, saying they already show his moves are working. HANG TOUGH, he wrote. WE CANT LOSE!!!___ Megerian reported from Washington. FATIMA HUSSEIN Hussein reports on the U.S. Treasury Department for The Associated Press. She covers tax policy, sanctions and any issue that relates to money. twitter mailto CHRIS MEGERIAN Megerian covers the White House for The Associated Press. He previously wrote about the Russia investigation, climate change, law enforcement and politics in California and New Jersey. twitter mailto
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