Donald Trump blasts not good at his job
United States President Donald Trump blasts on April 29 has again taken jabs at Federal Reserve Chairman Jerome Powell for his economic policies, while touting his own tariffs policy during a rally to mark his 100th day in office, according to a Bloomberg report.
Speaking at the rally near Detroit, Michigan, Donald Trump blasts Jerome Powell saying: “Inflation is basically down and interest rates came down despite the fact that I have a Fed person who’s not really doing a good job.” “You’re not supposed to criticize the Fed. You’re supposed to let him do his own thing — but I know much more than he does about interest rates,” he added.
Donald Trump went on to tout his tariffs policy, calling it a flexible move aimed at giving companies time to comply before action is taken. He said tariffs are “a little flexibility” designed to offer companies time to move their manufacturing back to the US and warned: “We gave them a little bit of time before we slaughter them.”
The attacks came even after earlier in April Donald Trump said despite his criticisms over Jerome Powell’s pace on interest rate cuts, he would not fire the central bank chief, the report noted.
His clarification came after already volatile markets (shaken by Trump tariffs) tumbled more over liklihood of Jerome Powell being replaced.
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Donald Trump also addressed falling popularity in various polls on his economic agenda, calling them “biased”. He also framed tariffs as “necessary” ahead of his planned tax cuts legislation, which would remove income tax on tips, overtime pay and social security.
He also warned about possible Republican detractors, saying they should be challenged if they fail to support his agenda. “Remember who those grandstanders are and vote them the hell out of office,” Donald Trump said.
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Donald Trump 100 Days event marked the fabled benchmark of early presidential success before an audience caught squarely in the middle of his campaign to overhaul global trade and rebuild the US industrial base.
Macomb County — which split 56 per cent for Trump in the 2024 presidential race — is emblematic of many former Democratic, blue-collar strongholds that were receptive to the president’s economic promises on the campaign trail. Winning those areas helped him easily return to the White House, sweeping all seven swing states and securing the popular vote.
Many residents in places like suburban Detroit — home to plants tied to General Motors Co. and Stellantis NV — have championed Trump’s aggressive trade policy, seizing on his promises of revitalised domestic manufacturing and the resurgence of good-paying factory jobs.
But automakers are warning that stiff levies could cause plant shutdowns and job losses instead.
Auto Plants: It wasn’t immediately clear whether the changes announced Tuesday would be enough to restart production halted in the wake of Trump’s earlier import duty announcements. Stellantis had previously paused production to adapt to the changes, causing temporary layoffs in Michigan and Indiana, as well as at a Canadian plant across the Detroit River.
Another potential test case for Trump lies just down the road at Stellantis’ Warren Truck Assembly Pant, where workers build the company’s Jeep Wagoneer and Grand Wagoneer SUVs. Sales have been underwhelming, and output was temporarily halted this month because of a shortage of engines, with a restart expected in early May.
The United Auto Workers, whose president Shawn Fain has praised Trump’s automotive tariffs, has pointed to Warren as evidence that Stellantis has capacity to build more cars and trucks in the US — and summon laid-off members back to work.
Doug King, 30-year-old Stellantis employee attending Trump’s rally, said he was excited by the president’s trade vision and believes a boost to US manufacturing will happen “quicker than you think.”
“He doesn’t want to hurt the companies. He’s trying to save the companies,” King said. “He’ll tweak deals — he’ll tweak everything — to make it work.”
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Trump told rallygoers his tariffs “haven’t even really kicked in yet,” but reiterated his belief he’d be able to broker deals even with countries such as China that thus far have refused to engage in serious negotiations. “I think it’s going to work out,” Trump said.
Approval Rating: Trump’s 100-day victory lap comes despite polls showing his approval ratings sinking to the lowest level in decades for presidents at this milestone in their terms. Those marks have been driven down over concerns about his handling of the economy and fears of a potential recession.
Just 39% of respondents in an ABC News/Washington Post/Ipsos poll said they approve of Trump’s performance as president, while a CNN survey marked a 41% approval rating.
Immigration remains an area of relative strength for the Republican president who has intensified the government effort to deter border crossings and deport foreign nationals in the US illegally.
Trump 100 Days second term has also been marked by a campaign to rapidly remake the government, with billionaire Elon Musk leading a sweeping effort to slash federal spending and downsize the workforce.
The president has moved at breakneck speed to overhaul federal policy, having issued scores of executive orders setting in motion regulatory shifts and other changes on subjects ranging from appliance standards and artificial intelligence, to communications and coal.
Trump is also presiding over a broad effort to overhaul Washington’s relationships overseas, having renewed his first-term push for European allies to boost NATO contributions, while demanding free passage for US vessels at the Panama Canal, discussing a potential acquisition of Greenland and musing about how Canada should serve as the 51st US state.
Trump’s speech followed a visit to Selfridge Air National Guard Base with Michigan’s Democratic Governor Gretchen Whitmer. Later this week, the president is set to deliver a commencement address at the University of Alabama.
(With inputs from Bloomberg)