Donald Trump, the President Elect of the United States of America, whose inauguration will take place tomorrow (20th January 2017) is brushing both the mighty and lowly through his double-edged tweets that seem to be revolutionizing the business world.
When Donald Trump tweets, people listen, people read and people interpret and the impact is widely being felt by huge businesses across the globe. Mr. Trump who tweets in a ‘no nonsense’ manner and with ‘I don’t care’ attitude came to power after flowering his competitor, Hillary Clinton in last year’s general elections.
In most of his tweets, Mr. Trump has been meddling in foreign policy even before he officially takes over office and in the recent past, his tweets have been moving markets by billions. When Toyota said that it would build a plant in Mexico, Trump threatened them with huge border tax if they dared do that. Here is his tweet:
Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax.
— Donald J. Trump (@realDonaldTrump) January 5, 2017
That tweet alone shook the entire Toyota shares and they went down for more than 3 percent at one point.
It was because of that tweet too that Toyota came out and announced that it is set to make a 10 billion US Dollars capital investment inside the United states of America.
https://twitter.com/AIllinoi/status/818626039899365377
Trump sent out another tweet on Lockheed Martin, the maker of F35 Fighter Jets. Mr. Trump said that the cost was out of control and said that the billions will be saved after January 20th (after his inauguration). His other tweet that brought controversy in the world of business is this below:
Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!
— Donald J. Trump (@realDonaldTrump) December 22, 2016
After that tweet, the jet making company lost 4 billion US Dollars in value in just hours.
Watch this video from CNBC
this comes even as study shows that three quarter of Americans want Donald Trump to pull down his twitter account and close it for good saying that his tongue-lashing tweets are dangerous to the economy.