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Yahoo
30-04-2025
- Business
- Yahoo
Trump says voters unhappy about the economy and his China trade war should deal with it because 'they did sign up for it, actually'
President Donald Trump's tariff policy has sparked fear and uncertainty in the markets. But Trump said voters should have expected him to impose tariffs when they backed him in November. "Well, they did sign up for it, actually. And this is what I campaigned on," Trump said. President Donald Trump said voters should have expected him to impose so-called reciprocal tariffs on the world when they chose to back him in last year's presidential election. "Well, they did sign up for it, actually. And this is what I campaigned on," Trump said of the tariffs during an interview with ABC News that aired Tuesday. "We've been abused by other countries at levels that nobody's ever seen before," Trump said. On April 2, Trump announced sweeping tariffs on more than 180 countries. A 10% baseline rate took effect on April 5. A higher set of tariffs, which varied by country, went into effect on April 9 before Trump announced a 90-day pause on the same day. Trump's on-and-off-again tariff announcements sparked a massive market sell-off and were also criticized by economists and business leaders. Trump, however, said his tariffs on America's trading partners were a necessary measure. "I could have left it that way, and at some point, there would have been an implosion like nobody's ever seen. But I said, 'No, we have to fix it,'" Trump told ABC News. "I have wanted to do this for many years." Trump has defended his tariff policy on multiple occasions. On April 20, Trump wrote in a Truth Social post that business leaders who were against his tariffs didn't appreciate what he was doing for them. "THE BUSINESSMEN WHO CRITICIZE TARIFFS ARE BAD AT BUSINESS, BUT REALLY BAD AT POLITICS," Trump wrote on Truth Social on Easter Sunday. "THEY DON'T UNDERSTAND OR REALIZE THAT I AM THE GREATEST FRIEND THAT AMERICAN CAPITALISM HAS EVER HAD!" Trump continued. Christopher Tsai, the president and chief investment officer of the investment management firm Tsai Capital, told Business Insider that businesses would probably not have enough time to adjust to Trump's tariffs, even with the announced 90-day pause. Tsai said the tariffs could hurt America's small and midsize businesses and tip the country into a recession. Small businesses make up about 44% of the US GDP, according to the US Chamber of Commerce. "This is a lot more than numbers. People's jobs are at stake, and businesses that have been thriving and contributing to the economy for years are all of a sudden in an extremely different situation. That's worrisome to me," Tsai said. The White House didn't respond to a request for comment from BI. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
11-02-2025
- Entertainment
- Yahoo
Shania Twain gets tearful as she closes 'special' chapter: 'You are everything'
It is a bittersweet time for Shania Twain. This week, the "Man! I Feel Like a Woman" singer closed out a special chapter, her recent Come On Over Las Vegas residency, which began back on May 20, 2024 and had almost 30 shows. And while she was sad to bid adieu, she promised fans there's much to look forward to, including new music from her. As her residency came to an end, Shania took to Instagram and shared a sweeping recap of the special time, along with a touching tribute. Some of the photos she shared highlighted the variety of whimsical outfits and wigs she wore on stage, sweet moments shared with both the audience and her crew, and other unforgettable moments on and off the stage. "That's a wrap on the Come On Over Las Vegas Residency!" Shania then wrote in her caption, and emphasized: "Vegas holds a special place in my heart and this experience was even better than I could have imagined." Shania has had several residencies in Vegas, most recently before Come On Over her Let's Go! residency, which ran from December 2019 to September 2022, save for pandemic-related postponements. "Every crowd showed up with 100% energy, the best outfits on The Strip, the loudest singalongs and the most kick-ass onstage moments," she continued, adding: "I couldn't ask for better fans… You are everything!!" "Thank you to my incredible cast and crew, on and off stage, for making this show what it is. Your hard work and passion mean the world to me." The Grammy winner then told fans: "Cry because it's over… BUT don't cry too much because I can't wait to see you on the road this summer for my final shows of 2025 before I head into the studio to start writing new music!" Shania now has about ten more shows across Canada and the U.S., culminating with a gig at the Hard Rock Hotel in Hollywood, Florida in August. Fans were then quick to take to the comments section under the post and praise Shania, though first one of her crew members commented: "Forever grateful to you for welcoming me so warmly into the team. It's been something I'll never forget! Thank you!!" as others followed suit with: "Thank you for all the wonderful memories! I've had the pleasure of seeing this residency FOUR TIMES now! Hopefully see you this summer! Love you always!!!" and: "We have made the most amazing memories at your show. From laughing to crying, making friends & singing giddy up with you on stage, it's truly been a blast! THANK YOU Shania."