Better-than-expected non-farm support? Tariff aftereffects impact global markets, but Trump insists "policy will never change"!

Despite the ongoing disruption to the global economy caused by the comprehensive imposition of tariffs, US President Trump still claims that his economic policy "will never change." Trump posted on social media on Friday, saying, "For the many investors who have come to the US and invested a lot of money, my policy will never change. Now is a good time to get rich, richer than ever before!!!" The latest employment data seems to have strengthened Trump's confidence. The US added 228,000 non-farm jobs in March, far exceeding market expectations. Trump wrote in another tweet, "The job data is great, much better than expected. The policy is working." Trump also retweeted a TikTok video claiming that he is "intentionally disrupting the market" to force the Federal Reserve to cut interest rates. These comments once again highlight Trump's shifting stance on tariffs - he announced a tariff plan on Wednesday that would raise US tariffs to the highest level in over a hundred years, but the day before he had just said that he would be willing to lower tariffs if other countries could give him some "extraordinary" returns. After China announced a series of new retaliatory measures against Trump's tariffs, including imposing a 34% tariff on all US goods, global stock markets plummeted on Friday, bonds surged, and oil prices fell to a four-year low. This tit-for-tat trade confrontation has raised concerns that Trump's trade war may escalate and lead to a global economic recession.