US President Donald Trump on Tuesday claimed that " tariff " is his most favourite word in the English dictionary as it is making United States "rich has hell."
While speaking at Quantico , Trump said that "it would be very bad" if his administration loses the case on the legality of the imposition of tariffs on different countries.
"One of the first executive orders I signed upon taking office was to restore the principle of merit. That's the most important word, other than the word tariff. I love tariffs. Most beautiful word, but I'm not allowed to say that anymore. I said, tariff is my favourite word. I love the word tariff. You know, we're becoming rich as hell," Trump said.
"We have a big case in front of the Supreme Court , but I can't imagine because this is what other nations have done to us. And we have great legal grounds, but you still have a case. It would be very bad if something happened. But I said, my favourite word in the English dictionary is the word tariff," he added.
Trump's remarks came as the Supreme Court is due to hear the Trump administration ’s sweeping global tariffs in November -- a hearing that could decide the fate of one of US President Donald Trump’s most significant economic policies.
Additionally, Trump also launched an attack on " fake news ", claiming that it hit him hard after Trump claimed that tariff is his favourite word.
"But I said, my favourite word in the English dictionary is the word tariff. And people thought that was strange. The fake news came over and really hit me hard on it. They said, what about love? What about religion? What about God? What about wife, family? I got killed," Trump said.
"When I said tariff is my favorite word, I changed it. It's now my fifth favorite word, and I'm okay with that. I'm okay with that. But they hit me hard. When you look at it, we've taken in trillions of dollars. We're rich, rich again. And when we finish this out, there'll never be any wealth like what we have," he added.
After returning to the Oval Office, Trump had issued a directive for his administration to propose " reciprocal tariffs " on US trading partners, potentially causing significant shifts in international trade.
President Trump’s tariffs mark a protectionist shift more intense than the 1930s Smoot-Hawley Act, which had worsened the Great Depression. The reciprocal tariff logic implies more hikes if other nations retaliate.
While speaking at Quantico , Trump said that "it would be very bad" if his administration loses the case on the legality of the imposition of tariffs on different countries.
"One of the first executive orders I signed upon taking office was to restore the principle of merit. That's the most important word, other than the word tariff. I love tariffs. Most beautiful word, but I'm not allowed to say that anymore. I said, tariff is my favourite word. I love the word tariff. You know, we're becoming rich as hell," Trump said.
"We have a big case in front of the Supreme Court , but I can't imagine because this is what other nations have done to us. And we have great legal grounds, but you still have a case. It would be very bad if something happened. But I said, my favourite word in the English dictionary is the word tariff," he added.
Trump's remarks came as the Supreme Court is due to hear the Trump administration ’s sweeping global tariffs in November -- a hearing that could decide the fate of one of US President Donald Trump’s most significant economic policies.
Additionally, Trump also launched an attack on " fake news ", claiming that it hit him hard after Trump claimed that tariff is his favourite word.
"But I said, my favourite word in the English dictionary is the word tariff. And people thought that was strange. The fake news came over and really hit me hard on it. They said, what about love? What about religion? What about God? What about wife, family? I got killed," Trump said.
"When I said tariff is my favorite word, I changed it. It's now my fifth favorite word, and I'm okay with that. I'm okay with that. But they hit me hard. When you look at it, we've taken in trillions of dollars. We're rich, rich again. And when we finish this out, there'll never be any wealth like what we have," he added.
After returning to the Oval Office, Trump had issued a directive for his administration to propose " reciprocal tariffs " on US trading partners, potentially causing significant shifts in international trade.
President Trump’s tariffs mark a protectionist shift more intense than the 1930s Smoot-Hawley Act, which had worsened the Great Depression. The reciprocal tariff logic implies more hikes if other nations retaliate.
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