What Trump has said about tariffs as stock market reacts
What Trump has said about tariffs as stock market reacts
As markets tumble and fears grow over a global trade war in response to President Trump’s tariffs, he has advised Americans to “be strong” and “hang tough.”
Read the full article on CBS Politics
Truth Analysis
Analysis Summary:
The article appears mostly accurate based on the provided sources. The claim about market reactions to Trump's tariffs is supported by the NYT articles. However, the article's brevity and word choice ("tumble," "fears grow") suggest a moderate bias against Trump's trade policies.
Detailed Analysis:
- Claim: "As markets tumble and fears grow over a global trade war in response to President Trump's tariffs..."
- Verification Source #2: Supports the claim that stocks have fallen significantly, indicating a negative market reaction.
- Verification Source #3: Supports the claim that Trump imposed tariffs, sparking global trade spats.
- Verification Source #4: Supports the claim that Trump's trade actions could shatter the global trading system.
- Verification Source #5: Supports the claim that Trump's approach to tariffs has unsettled corporate leaders.
- Claim: "...he has advised Americans to "be strong" and "hang tough."
- This specific quote is not directly verified by the provided sources. However, it is plausible that Trump made such a statement in the context of his trade policies. *This claim is unverified due to lack of source coverage.*
Supporting Evidence/Contradictions:
- Verification Source #2: "Stocks hadn’t fallen this far this fast since the early days of the coronavirus pandemic. A 9.1 percent drop in the S&P 500 is the steepest weekly decline since March 2020." This supports the claim that markets reacted negatively to Trump's policies.
- Verification Source #3: "President Trump imposed a 25 percent tariff on metal imports, sparking new global trade spats as he attempts to shield the U.S. economy from foreign competition." This supports the claim that Trump imposed tariffs and that they led to trade disputes.
- Verification Source #4: "With less than a month in office, the president has pursued trade actions that could shatter the global trading system and dwarf the trade measures he took over his entire first term." This supports the claim that Trump's trade policies are significant and potentially disruptive.
- Verification Source #5: "President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves." This supports the claim that Trump's trade policies are causing concern.
- The specific quote "be strong" and "hang tough" is not directly supported or contradicted by the provided sources.