• Trump said the administration brought back unprecedented work.
• The US president calls the new tariff policy an “economic revolution.”
• The EU said it would take action in a “calm, careful phased, unified way.”

U.S. President Donald Trump warned Americans of the pain, but hopeful historical investment and prosperity, of historic investment and prosperity on Saturday.

The comments are due to Trump’s broadest trade measures working, which could spark retaliation and heightened economic tensions, while leaders in Britain and France said “there is nothing that shouldn’t be off the table” response.

Trump acknowledged global turmoil and urged Americans to remain patient.

“We have been stupid and helpless ‘whip posts’, but no longer. We are bringing back unprecedented work and business,” he wrote.

“It’s an economic revolution and we’re going to win,” the Republican president added. “It’s not easy to be strong, but the end result will be historic.”

After midnight, the 10% “baseline” tariff was reached, and when Trump invoked the emergency economic power, most imports from outside of Mexico and Canada were imported.

But at a potential sign of disagreement between Trump and confined adviser Elon Musk, the tech billionaire said Saturday that he hopes the U.S. and Europe will eventually move towards a “zero-timed situation.”

This could effectively establish a “free trade zone between Europe and North America,” Musk said in a talks with Italy’s far-right vice-Prince Matteo Salvini.

The EU, Japan and China are one of about 60 trading partners and will face higher interest rates on April 9.

Trump’s 34% tariff on Chinese goods will begin next week, triggering Beijing’s announcement of a 34% tariff on U.S. products starting April 10.

Beijing also said it would sue Washington in the World Trade Organization and limit the export of rare earth elements used in medical and electronic technologies.

“China’s strike is much worse than the United States’ hit rate, not even close,” Trump said in his post. “They, and many other countries, have to treat us well.”

As other major trading partners stare at a possible recession, French and British leaders said: “Nothing should be out of the way.”

Meanwhile, “the trade war is not in any interest,” Starmer’s office said, “French President Macron and British Prime Minister Keir Starmer agreed on the phone.

Market collapse

Wall Street entered free fall Friday as economists warned that tariffs would weaken growth and fuel inflation.

But Trump’s latest tariffs have attracted attention.

They did not stack the recently imposed 25% tariffs, hitting imports of steel, aluminum and automobiles.

The White House said that copper, medicines, semiconductors and wood are also temporarily spared, as well as “certain key minerals” and energy products.

But Trump has ordered an investigation into copper and wood, which could soon lead to further expropriation.

He also threatened to hit other industries such as drugs and semiconductors, meaning any probation could be short-lived.

Canada and Mexico are not affected by the latest moves as they have encountered up to 25% of goods on goods outside of the North American Trade Agreement.

Risk of retaliation

Oxford Economics warned this week that while Trump’s staggered deadline allows space for countries to negotiate, “if they can’t get probation, they may retaliate like China.”

EU trade chief Maros Sefcovic said the group facing 20% ​​tariffs would act in a “calm, meticulous and difficult-to-phase, unified way” and allow time to negotiate.

But he said, “I won’t stand by.”

France and Germany say the EU can respond by imposing taxes on U.S. technology companies.

The Japanese prime minister called for a “calm” approach after Trump imposed a 24% tariff on goods made in Japan.

Since returning to the presidency, Trump has attacked imports from Canada and Mexico, imposed tariffs on illegal immigrants and fentanyl smuggling claims, and put an additional 20% tax on Chinese goods.

Arrived on April 9, taxes on Chinese products will reach 54% this year.

Trump’s 25% car tariff also came into effect this week, with Jeep owner Stellantis stopping production at some factories in Canada and Mexico.

Trump’s new global taxation marks “the biggest tariff rate hike in 1930 since the Smoot-Hawley tariff bill, the best memory to spark a global trade war and deepen the Great Depression,” the Center for Strategic and International Studies said.

Oxford Economics estimates that the action will increase the average effective tariff rate in the United States to 24%, “even if it is seen in the 1930s.”