{"id":6947,"date":"2025-04-08T06:55:31","date_gmt":"2025-04-08T06:55:31","guid":{"rendered":"https:\/\/africanamericanvoice.net\/?p=6947"},"modified":"2025-04-16T05:00:37","modified_gmt":"2025-04-16T05:00:37","slug":"trump-celebrates-americans-suffer-prez-says-this-is-a-great-time-to-get-rich","status":"publish","type":"post","link":"https:\/\/africanamericanvoice.net\/?p=6947","title":{"rendered":"Trump Celebrates, Americans Suffer: Prez Says \u2018This is a Great Time to Get Rich\u2019"},"content":{"rendered":"<p><span class=\"byline\">by\u00a0<span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/www.washingtoninformer.com\/author\/staceybrown\/\">Stacy M. Brown<\/a><\/span><\/span><\/p>\n<p>While layoffs sweep the nation, global markets unravel under the weight of sweeping new tariffs, and Americans watch their 401(k)s tank, President Donald Trump and his inner circle spent the weekend partying, golfing, and cashing in.<\/p>\n<p>\u201cTrump justified tariffs saying [the] U.S. is in the midst of a national emergency, then he left the White House for Florida, where his Doral resort is holding a LIV golf tournament financed by Saudi Arabia,\u201d one social media user wrote calling out Trump directly by tagging his presidential and personal X accounts. \u201cGuess the U.S. emergency is not important.\u201d<\/p>\n<p>From a Saudi-backed LIV Golf tournament at Trump National Doral, to a seven-figure fundraiser at Mar-a-Lago, the Trumps appeared unfazed by the financial collapse. As the economy craters, the Trump brand is booming.<\/p>\n<aside class=\"scaip scaip-1    \">\n<div class=\"newspack_global_ad scaip-1 fixed-height\">\n<div id=\"div-gpt-ad-caf9af3267-0\"><\/div>\n<\/div>\n<\/aside>\n<p>The lavish weekend began as crowds gathered at the 643-room Trump Doral resort near Miami and at Mar-a-Lago, 70 miles north. Trump made his entrance aboard a military helicopter, chauffeured by his son Eric in a golf cart straight to a luxury dinner. Later, the Saudi-funded LIV Golf league \u2014 backed by the kingdom\u2019s $925 billion sovereign wealth fund \u2014 kicked off its fourth tournament at the Trump-owned property.<\/p>\n<p>Meanwhile, at Mar-a-Lago, Trump hosted a high-dollar fundraiser dubbed the American Patriots Gala, drawing dignitaries like Homeland Security Secretary Kristi Noem and Argentina\u2019s President Javier Milei.<\/p>\n<p>Even as the White House warned of global instability, Trump was selling access, memorabilia, and merchandise. One of his political committees offered supporters the chance to purchase a signed replica of his latest executive order \u2014 renaming the Gulf of Mexico to the \u201cGulf of America\u201d \u2014 for a minimum donation of $50.<\/p>\n<p>The celebration came just days after Trump, wielding a Sharpie now sold for $3 in Mar-a-Lago gift shops, signed an executive order launching a sweeping new round of global tariffs. The fallout was immediate and catastrophic.<\/p>\n<p>In just 48 hours, the S&amp;P 500 lost $5 trillion in value. By Monday, the index had fallen 4%, entering bear market territory. The Nasdaq tumbled 4.5%, and the Dow dropped 1,200 points. Global indexes followed suit, triggering circuit breakers across Europe and Asia. Bitcoin, oil, and other commodities also sank.<\/p>\n<aside class=\"scaip scaip-2    \">\n<div class=\"newspack_global_ad scaip-2 fixed-height\">\n<div id=\"div-gpt-ad-2bd992b9b0-0\"><\/div>\n<\/div>\n<\/aside>\n<p>And yet, at Trump Doral, it was business as usual. The resort\u2019s most expensive suite \u2014 a $13,000-per-night escape \u2014 was sold out. The BLT Prime steakhouse bar was packed, with guests shelling out $130 for porterhouse steaks. Trump-branded crystal-studded purses were flying off the shelves for $550, while Doral-branded paperweights made in China sold for $18, even as new tariffs threatened price hikes.<\/p>\n<p>\u201cIt is a nice club,\u201d said Yasir Al-Rumayyan, governor of Saudi Arabia\u2019s sovereign wealth fund and chairman of LIV Golf, as he observed the tournament alongside Eric Trump.<\/p>\n<p>\u201cThis is the perfect venue,\u201d Eric Trump declared on Friday, the same day his father spent hours at yet another Trump-branded property, the Trump International Golf Club near Mar-a-Lago, sending out social media posts like: \u201cTHIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE.\u201d<\/p>\n<h2 id=\"h-the-sting-of-tariffs-anti-dei-executive-orders-nbsp\" class=\"wp-block-heading\"><strong>The Sting of Tariffs, Anti-DEI Executive Orders\u00a0<\/strong><\/h2>\n<p>Back in Washington, Trump\u2019s new tariffs are being felt most acutely by working Americans.<\/p>\n<p>The baseline 10% tariffs took effect on Saturday. By Wednesday, dozens of countries will face higher reciprocal rates.<\/p>\n<aside class=\"scaip scaip-3    \">\n<div class=\"newspack_global_ad scaip-3 fixed-height\">\n<div id=\"div-gpt-ad-dc2e0e383b-0\"><\/div>\n<\/div>\n<\/aside>\n<p>China announced a retaliatory 34% tariff on all U.S. goods beginning Thursday. The U.S. is increasing tariffs on Chinese products from 20% to at least 54%.<\/p>\n<p>\u201cThe tariff Pandora\u2019s box has been opened,\u201d analysts at Goldman Sachs wrote, calling the U.S. moves \u201csubstantially higher than our economists\u2019 previous base case.\u201d<\/p>\n<p>JPMorgan CEO Jamie Dimon issued a sobering message to investors Monday morning.<\/p>\n<p>\u201cWe are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products,\u201d Dimon warned.<\/p>\n<p>And the pain isn\u2019t just at the checkout counter. Trump\u2019s executive actions also target racial equity and environmental protection. He has rescinded multiple federal diversity, equity, and inclusion (DEI) initiatives. He signed an order dismantling race-conscious military recruitment and eliminated Executive Order 11246, which has barred discriminatory practices among federal contractors since 1965.<\/p>\n<aside class=\"scaip scaip-4    \">\n<div class=\"newspack_global_ad scaip-4 fixed-height\">\n<div id=\"div-gpt-ad-ca419f6974-0\">While Black Americans comprise roughly 14% of the U.S. population, they represent about 18% of the federal workforce. Many of those workers are now in limbo as the administration places DEI personnel on indefinite paid leave and threatens further rollbacks. Advocates warn that these attacks will exacerbate the racial wealth gap and further erode morale within federal agencies.<\/div>\n<\/div>\n<\/aside>\n<p>Trump has also taken aim at the Environmental Protection Agency, threatening key regulations meant to ensure clean air and water in historically neglected Black communities. He has signaled an intent to privatize the U.S. Postal Service, a major employer of African Americans.<\/p>\n<p>As economic indicators point downward and global relationships strain under the weight of Trump\u2019s tariff war, the president\u2019s inner circle continues to rake in profits. Four million-dollar dinners have already taken place at Mar-a-Lago since Trump\u2019s election in November, with a fifth planned for April 24.<\/p>\n<p>Back at Doral, fans from as far as South Africa paid up to $1,400 for access to VIP viewing areas and unlimited food and drink \u2014 all while markets tanked and working Americans braced for layoffs, soaring prices, and further retirement losses.<\/p>\n<p>Maryland Del. Adrian Boafo (D-District 23) emphasized the effects of the president\u2019s tariffs during this time.<\/p>\n<aside class=\"scaip scaip-5    \">\n<div class=\"newspack_global_ad scaip-5 fixed-height\">\n<div id=\"div-gpt-ad-45854c9b0e-0\">\u201cDonald Trump is actively causing panic in the United States because of his tariffs. We are on the verge of a recession, and Americans are suffering,\u201d he said before offering a call to action. \u201cNow is the time to reverse the tariffs before the damage becomes permanent.\u201d<\/div>\n<\/div>\n<\/aside>\n<div><\/div>\n<div>Source: Published without changes from <a href=\"https:\/\/www.washingtoninformer.com\/trump-tariffs-economic-collapse\/\" target=\"_blank\" rel=\"nofollow noopener\">Washington Informer Newspaper<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>by\u00a0Stacy M. Brown While layoffs sweep the nation, global markets unravel under the weight of sweeping new tariffs,<\/p>\n","protected":false},"author":3,"featured_media":6948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[255,24],"tags":[],"class_list":["post-6947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-america-under-attack","category-regular-column"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/posts\/6947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6947"}],"version-history":[{"count":1,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/posts\/6947\/revisions"}],"predecessor-version":[{"id":6949,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/posts\/6947\/revisions\/6949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=\/wp\/v2\/media\/6948"}],"wp:attachment":[{"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/africanamericanvoice.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}