Trump's tariff policy (announced on April 2nd 'Liberation Day') has resulted in chaos over in America, as a frenzied buying spree has begun!
According to the latest news (as of April 6th), consumers across the U.S. seem to be energized, with supermarket shelves being cleared from California to New York. Chinese-made televisions and appliances on Amazon are sold out, and even the stocks of 'safe haven' stores like Walmart and Costco are rising.
There are reports on X that retail investors started stockpiling before the tariffs took effect (a 10% baseline tariff effective April 5th at midnight), fearing price surges.
And what happened? On April 5th, over 1,200 protests erupted nationwide, with the 'Hands Off' protest in Washington D.C. trending hotly on social media, as people shouted 'Don't let tariffs ruin our lives,' directly targeting Trump. What’s even more outrageous is that Trump today (April 6th, afternoon Korean time) retweeted a protest news article on X, tagging Powell (the Federal Reserve Chairman) with a caption roughly saying: 'Look at this mess, what are you waiting for? Hurry up and cut interest rates!' This guy really knows how to stir the pot, shifting all the pressure onto old Powell.
U.S. stocks have already plummeted severely these past few days (down 5% on April 3rd, and another 6% drop for Nasdaq on April 4th), while retail investors complain as they shop frantically, with some in the protest crowd holding signs that say: 'Interest rate cuts save lives!' Powell is set to speak tonight (April 6th, Korean time), and he’s likely going to have to face the music, or else this burden will be too much for him to bear.
