Breaking: Trump celebrates ‘biggest day in history’ after 165% tax hike on China & says ‘transition problems’ behind stock slump….

DONALD Trump has deemed Wednesday’s historic stock market surge the “biggest day in history” and pinned Thursday’s slump on “transition problems.”

Trump opened up on the instantaneous effects of his 90-day reciprocal tariff pause and China lashing out over its growing 145% rate as he forecasted good news for Americans.

In a cabinet meeting Thursday, Trump said he was “very happy with the way the country is running” as he praised slowed inflation rates and $2 billion daily payouts from tariffs.

However, he did admit there would be “transition costs,” but later added that he brought in hundreds of billions in his first term while keeping inflation under control.

Trump felt confident about his bitter battle with China and predicted that President Xi Jinping would come to the table for a deal, despite continuing to crank up fines on the country.

“I’m sure that we’ll be able to get along very well. I have great respect for President Xi. He’s been a friend of mine for a long period of time,” he said.

“I think that we’ll end up working out something that’s very good for both countries.”

Meanwhile, he said the rest of the world is fighting tooth and nail to negotiate before massive reciprocal deals are put into place in just three months.

Over 70 countries are lining up to chat with the White House to cut a deal in the next three months. For now, they are only paying a 10% flat rate on goods.

The White House has clarified that China’s rate is combined with a previous 20% fentanyl-related tariff, which means the second-largest economy will be charged 145%.