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This is in reaction to the market decline, which was in reaction in part to higher interest rates.

It is also in direct opposition to WH statement on same subject earlier today that said the market drop was “probably a good thing” and a supposed “correction” to a “bull market.”


Trump tries to have it both ways, but that’s not how it works.

That’s not how any of this
If you want to know what happens to populations living in austerity who trade with the US on WTO terms, take a look at Tonga. THREAD

I visited Tonga in 1981 and it was, like so many other Pacific Island nations, slowly adjusting to Westernisation. The people ate mostly fish and vegetables. /1

Now it has rates of Type 2 diabetes of up to 40%, life expectancy has fallen by 10 years and well over half the population is obese. So what happened? (stats
https://t.co/1XQHdqL8o8) /2

What happened was that the US discovered that Tonga was a great dumping ground for a cheap and locally unsaleable product known as a Turkey 'tail', essentially a gland of 40-45% fat. /3

They were fatty and, because cheap, attractive to a poor population. By 2007, in another Pacific Island nation, Samoa, 20 kilos per person were being sold every year. But it banned them for public health reasons. https://t.co/2f1N8tuMp6 /4