President Donald Trump's renowned book, "Art of the Deal," has surged in popularity on Amazon's bestseller list following his strategic decision to implement a 90-day suspension on reciprocal tariffs against various international partners, while simultaneously increasing tariffs on China.
This move, executed on Wednesday, appears to have resonated with the market, as evidenced by a subsequent rally in stock prices.
According to The Post Millennial, the book ascended to at least the fourth position on Amazon's bestseller list after the tariff pause was announced. It also claimed the top spot in the Biographies of Business & Industrial Professionals category, secured the second position in the Motivational Management & Leadership section, and ranked third in the Business & Money list at the time of reporting.
In the preceding week, President Trump unveiled a series of "reciprocal tariffs" on imports to the United States, which initially led to market fluctuations and prompted several countries to seek negotiations for "zero-for-zero" tariff agreements with the U.S. However, China responded with a retaliatory measure, imposing an additional 34 percent tariff on all U.S. goods and sanctioning American rare earth mineral companies. In retaliation, President Trump threatened further tariff increases on China, which he enacted on Wednesday, alongside other reciprocal tariffs. Yet, by mid-morning, he announced a pause on tariffs for nations other than China, aiming to foster improved trade relations with countries such as Japan, India, and the European Union.
"The Art of the Deal," co-authored by Trump and Tony Schwartz and first published in 1987, dissects the art of negotiation into 11 key tactics, including thinking big, leveraging one's position, and maximizing options. As reported by Inc., these strategies may provide insight into President Trump's approach to the tariff negotiations.
Prominent investor Bill Ackman, who had advocated for a 90-day tariff pause earlier in the week, praised the President's actions, stating, "This was brilliantly executed by Donald Trump. Textbook, Art of the Deal."
This sentiment underscores the perception that Trump's maneuvering aligns with the principles outlined in his bestselling book, reflecting a calculated approach to international trade negotiations.
Login