Trump defends tariffs, boosts coal industry with executive orders as US stocks tumble amid trade war fears.

President Donald Trump has stood by his tariff strategies, highlighting substantial revenue gains, even as he recently signed executive orders to bolster the coal industry. Nevertheless, the US stock market experienced a sharp decline amidst escalating trade tensions, resulting in the S&P 500 erasing previous gains. The President’s latest executive directives targeting coal production are intended to rejuvenate the sector, although they have faced criticism for emphasizing a pollutant-ridden energy source.

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