Hoover Institution Senior Fellow Victor Davis Hanson said on Fox News Wednesday that the surge in U.S. stocks reflects confidence in President Donald Trump’s tariff strategy, especially towards China.
U.S. stocks surged Wednesday as Trump announced a 90-day suspension of tariffs for most countries, while simultaneously escalating the tariffs imposed on China. During an appearance on “The Ingraham Angle,” Hanson weighed in on the buoyant mood among investors, attributing it to a belief that Trump’s approach, particularly towards China, remains a lucrative bet for the U.S. economy.
“He’s wonderful. He’s a very good explicator. But they’re also looking at hard data, and they see that the annualized inflation rate in March went down. They looked at the jobs and surprised everybody by 100,000. They see that energy is getting more affordable,” Hanson told host…