Tim Draper is all involved in Trump’s trade attacks, calling it a powerful reset that will end global freeloads, crush weak leadership and trigger massive US innovation.
Tim Draper supports Trump’s trade crimes and calls XI “weak leader” in a global showdown
In a post via social media platform X on April 7, venture capitalist Tim Draper expressed strong support for Donald Trump’s economic and trade initiatives, and announced his sharp criticism of global trade practices and US monetary policy. Known for defending innovation and digital assets, Draper has faced Trump’s recent tariff threat as a necessary pushback after years of what he called the foreign exploitation of American generosity. He said:
I always want free trade, but I get it completely. President Trump is trying to figure out what he needs to do. Other countries have used the decades of mercy of the United States and need to understand that it is a two-way street.
His comments followed a series of aggressive trade actions by Trump that shook global markets. Earlier this month, Trump enacted a swept tariff focused on key trading partners such as China and the European Union, including a 10% blanket obligation for almost all imports. The administration argued that these measures were intended to address “long-standing trade imbalances” and to strengthen the US industry. In response, some affected countries have imposed retaliatory tariffs, increasing fears about a global economy slowdown. Critics have warned that policies could exacerbate inflation and put a strain on global supply chains, but supporters believe they could stimulate domestic production and narrow trade deficits. The final outcome remains unknown in evolving negotiations and market reactions.
Trade tensions between the US and China escalated after President Trump threatened 50% tariffs on Chinese goods unless Beijing excluded a 34% retaliation obligation on US exports. Starting April 9th, Washington will implement 104% tariffs on Chinese imports. The move follows China’s refusal to eliminate that tariff, and is part of Trump’s broader tariff strategy. China’s Commerce Ministry criticized the lawsuit as “one-sided and bullied,” and has pledged to “fight until the end” to protect its national interests.
Draper added his own criticism of China’s leadership. “While weak leaders like Socialism XI allow the ego to get in the way of their own progress, most countries’ clever leaders take a practical view and lower barriers to return and the way. He also sought decisive action from the US Federal Reserve.
I think the Fed lacks a big picture. They should not live in fear of stags, but opportunistically lower interest rates due to the onslaught of new US jobs. Innovators thrive in this kind of environment.
“We currently expect to invest a lot in the US in Draper Associates venture money. All scenarios are suitable for Bitcoin buyers. It’s a step forward in inflation resistance and innovation,” he concluded.
