Former World Bank Group President, David Malpass has backed United States of America President, Donald Trump's administration's tariff announcement.
Malpass, in an interview with Fox News on Friday, said the Trump administration's tariff announcement will give the US the opportunity to rebuild.
His comments came as Trump on Wednesday announced a 10 percent global tariff on every import into the US and additional reciprocal tariffs on countries.
The tariff announcement had taken a major impact on global economies, including the US domestic stock market.
Reacting, Malpass said Trump's decision would avail the US the opportunity to rebuild the country faced with unfair globalist trade agreements.
“Former World Bank Group President David Malpass on President Donald Trump's tariffs: “The opportunity is to rebuild the global trading system in a way that works for the United States, which we didn't have,” he wrote on X Friday.
Meanwhile, China on Friday slammed the US with a 34 percent tariff on every import.
Reacting to China's retaliatory tariff on the US, Trump said, “China played it wrong.”
