Trump on the Stock Market: "It’s Going Very Well!" Amid Plummeting Numbers
Washington (AP) – As the stock market spiraled downward with a staggering drop of over 1,600 points, President Donald Trump reassured the public with an optimistic proclamation: “I think it’s going very well.” In a time when many investors faced uncertainty due to his administration’s recent tariff announcements, the President remained unfazed.
The Market Drop: A Response to Tariffs
The financial landscape took a severe hit, with U.S. stocks leading a worldwide selloff triggered by Trump’s decision to impose tariffs on numerous imports. The announcement, which included a minimum tariff of 10%—and even higher rates on goods from nations like China and the European Union—was described by market analysts as sending shockwaves reminiscent of the economic turmoil experienced during the COVID-19 pandemic.
You can learn more about the stock market dynamics during this period on AP News.
Trump’s Confident Outlook
When asked about the staggering losses, Trump likened the situation to a sick patient in need of a crucial surgery. He stated, “I said this would exactly be the way it is,” referencing the drastic market drop. The President’s analogy portrayed his approach to the tariffs as a necessary but temporary discomfort for the country’s long-term health.
“I think it’s going very well,” he elaborated during a brief media interaction as he departed the White House for one of his Florida golf clubs. Trump added, “The markets are going to boom, the stock is going to boom, the country is going to boom.”
The Silver Lining: Investment Opportunities
Despite the immediate fallout, Trump highlighted the trillions of dollars in investments flowing into the U.S. from companies raising their flags to avoid the newly imposed tariffs. He cited this as proof that major players in the global market are eager to adapt—to the potential benefit of the American economy.
“The rest of the world wants to see if there’s any way they can make a deal,” Trump stated, further emphasizing his belief in a beneficial outcome from these negotiations.
An Open Door for Negotiations
While aboard Air Force One, Trump indicated he was open to utilizing tariffs as leverage in negotiations with other countries, contingent on what he referred to as a “phenomenal” offer in return. He voiced a strong desire to end what he perceives as longstanding exploitation of the U.S. economy by international partners.
Final Thoughts: A Mixed Bag
As Trump exited the White House, he expressed confidence in a radically transformed economic landscape. "For many years, we’ve been on the wrong side of the ball and I’ll tell you what, I think it’s going to be unbelievable,” he asserted.
It remains to be seen how the market will respond in the long term to these recent developments and whether Trump’s bullish optimism will resonate with investors in the weeks to come. To stay updated on this evolving situation, please visit AP News.
In these turbulent times, remember that what could be perceived as a setback may also come with unique opportunities—an ideology that President Trump appears to truly believe in.
