double-skinned crabsVietnamese crab exportergood crabexellent crab

Trump Hits Golf Course as Stock Market Plummets for 2nd Straight Day over Tariffs

Associated Press
April 5, 2025 | 1:46 am
SHARE
President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)
President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)

West Palm Beach, Florida. Two days after sending the economy reeling by announcing widespread tariffs, 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 on the sidewalk as Trump, wearing his signature red “Make America Great Again” 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 he's in town.

Trump Hits Golf Course as Stock Market Plummets for 2nd Straight Day over Tariffs
President Donald Trump waves as he arrives at the Trump International Golf Club, Friday, April 4, 2025, in West Palm Beach, Fla. (AP Photo/Alex Brandon)

The Republican president was not expected to appear publicly, although he's scheduled to attend a candlelit dinner for MAGA Inc., an allied political organization, on Friday evening. He 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.

ADVERTISEMENT

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 Trump's tariffs, he's found some support on TikTok. He shared a video that said “Trump is crashing the stock market” and “he’s doing it on purpose” as part of a “secret game he’s playing, and it could make you rich.”

The video featured a supposed quote from legendary investor Warren Buffett praising Trump, but Buffett's company issued a statement saying it was fabricated. The video also said that Trump's goal is to push the Federal Reserve to lower interest rates, something that the president 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 Trump's 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 US goods if it can make a deal with the US.

He also criticized China for announcing its own tariffs on US imports.

“CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.

Republicans suggested that Trump's policies would be the start of a parley with foreign countries.

“The president is a dealmaker if nothing else, and he’s going to continue to deal country by country with each of them,” said Sen. John Barrasso of Wyoming. He added that Treasury Secretary Scott Bessent had told Senate Republicans this week that the tariffs would be a “high level mark with the ultimate goal of getting them reduced” unless other countries retaliate.

Senate Democratic leader Chuck Schumer of New York called Trump’s tariffs “a brutal pincer move with American families trapped in the middle.”

Meanwhile, Trump also celebrated a new report showing the US 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 CAN’T LOSE!!!”

Trump Hits Golf Course as Stock Market Plummets for 2nd Straight Day over Tariffs
President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News Oct 17, 2026 | 2:48 pm

Trump’s New Press Secretary Out After Less Than a Week

Katie Zacharia’s brief White House tenure ends after less than a week, following a short first briefing and reported tensions over her role.
News Oct 15, 2026 | 4:22 pm

Defying Trump, Zelensky Says Will Keep Hitting Russian Refineries

Russia on Thursday said Ukraine had attacked an oil refinery in Ryazan, south of the capital, Moscow.
News Oct 13, 2026 | 4:42 am

Fury as US Federal Agents Search Ilhan Omar's Home

"Make no mistake: this is an attempt to target political enemies and weaponize federal law enforcement," Omar wrote on X.
Business Oct 9, 2026 | 8:31 pm

‘It’s Trump Who Sets Oil Price’: Prabowo’s Brother

Neither the Indonesian government nor OPEC sets the oil price, Hashim Djojohadikusumo says.
News Oct 9, 2026 | 5:12 pm

Navi Pillay, South African Rights Champion, Wins Nobel Peace Prize

"If you clap a little bit more, I may share this prize with Trump," the 85-year-old said.
News Oct 2, 2026 | 3:09 am

Trump Vows to Hit Iran 'Very Hard' If Linked to Flydubai Attack

The US leader's threat of retaliation came as he took a harsher tone on the stalled Iran war overall.
News Sep 29, 2026 | 4:52 am

Trump Slammed for 'Illegal' US TV Ads Funded by Taxpayers

Mike Levin, a Democratic member of the House of Representatives, said: "It’s propaganda, and you’re paying the bill."
Business Sep 24, 2026 | 2:36 pm

Airlangga Says Indonesia Won’t Face US Tariffs Over Russian Oil

Airlangga says Indonesia won’t face US tariffs over Russian oil bought within an allowed window.
News Sep 24, 2026 | 9:28 am

Masoud Tells Trump that Iran Will Never 'Bend at the Knee'

Pezeshkian accused Washington of "terrorism" for assassinating former supreme leader Ayatollah Ali Khamenei at the start of the conflict.
News Sep 23, 2026 | 2:58 pm

Trump Thanks Indonesia for Gaza Troops

Indonesia has not only committed troops to the ISF, but is in its upper management.

The Latest


Special Updates 2 hours ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 3 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 3 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 5 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 6 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED