Tariffs news: US President Donald Trump hits back at detractors in series of defiant posts on Truth Social

US President Donald Trump has hit back at his detractors in a series of defiant posts on Truth Social as Wall Street plummeted to record $US4 trillion losses following his global tariff rollout.

Mr Trump, who on Friday was criticised by the Democrats for playing golf while the global markets reeled from his tariff announcement for the second day running, told his followers “NOW IS A GREAT TIME TO GET RICH”.

“TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE,” he said.

“THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”

Mr Trump also hit out at China for responding to the US tariff announcement with its own tariffs on US-made products.

On Friday night, China said it would impose a 34 per cent tariff on imports of all US products beginning April 10.

“CHINA PLAYED IT WRONG, THEY PANICKED,” he said overnight.

“THE ONE THING THEY CANNOT AFFORD TO DO!”

In another post, Mr Trump urged the US Federal Reserve Board chairman Jerome Powell to cut interest rates, saying now would be “the perfect time”.

“He is always ‘late’, but he could now change his image, and quickly. Energy prices are down, interest rates are down, inflation is down, even eggs are down 69 per cent, and jobs are UP, all within two months — A BIG WIN for America,” he said.

“CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”

In an other post, as the US markets continued to nosedive, Mr Trump said simply: “ONLY THE WEAK WILL FAIL!”

On Thursday, the day after the tariffs were announced, the US President told reporters everything was going as planned.

“I think it’s going very well,” he said.

“It was an operation, like when a patient gets operated on, and it’s a big thing. I said this would be exactly the way it is.

“The markets are going to boom. The stock is going to boom. The country is going to boom.”