President Trump signed an executive order to impose tariffs on imports from several countries, but due to the negative reaction, he delayed most of them.
Jordan Belfortknown as the “Wall Street” Wolf In real life, the tariffs of Donald Trump.
In February, President Trump signed an executive order to impose tariffs on imports from several countries, but due to the negative reaction, he delayed most of them.
Last Wednesday, Trump shared his new review plan for imports from most countries. He added that the measures were a retaliation for unfair commercial policies and that it had been “very generous” in their decisions. He believes that The measure “will enrich the United States again”but the news caused a fall in the world stock market, and US markets had their worst day since COVID-19 (according to BBC News).
Since then, he has suspended high band tariffs for countries for 90 days, with the exception of China, where you have imposed a 125 percent tariff To Chinese products.
What Jordan Belfort said about the tariffs imposed by Donald Trump
Now, in a new interview with Sky News, Belfort, played by Leonardo DiCaprio In the movie of Martin Scorsese 2013, said that while it is against tariffs in general, the dramatic intervention of President Trump was necessary because the United States has a “fool” commercial imbalance and matters much more than export.
He added: “The United States has been stripped of its wealth, its factories. It will not be pleasant. There will be suffering, but the path we took before is simply unsustainable. I had to change“
Belfort continued to say that it was skeptical about fears that tariffs harshly affect US consumers, and some predicted that goods, including popular items such as the iPhone, could increase in price if the costs move.
Source: Ambito
