President Trump's Optimistic Outlook on Stock Market Amid Reciprocal Tariffs

President Trump's Optimistic Outlook

President Donald Trump continues to provide an optimistic outlook even after the stock market took a hit in response to reciprocal tariff announcements. Trump expressed confidence, stating, 'I think it's going very well.' He believes that the markets, stocks, and the country will boom.

US Markets Post Worst Day Since COVID

Wall Street experienced a significant decline on Thursday, with the S&P 500 sinking 4.8% and the Dow Jones Industrial Average dropping 4%. This downturn was felt across global markets, with financial markets worldwide experiencing shock similar to the onset of the COVID-19 pandemic. The Nasdaq Composite also tumbled 6%. Various assets, including crude oil, tech stocks, and the US dollar, saw declines.

Trump Likens Tariffs to Medical Surgery

Amid concerns over market volatility post-tariff announcements, Trump likened the situation to a patient needing surgery, indicating that the market decline was necessary for future growth. He highlighted the influx of investment into the US, attributing it to companies wanting to manufacture products domestically to avoid tariffs.

Openness to Tariffs for Negotiations

Trump expressed openness to using tariffs as a negotiating tool, emphasizing that the US has been taken advantage of in trade deals for years. He aims to rectify this imbalance and believes that the future holds incredible opportunities.