“The market is going to…”: Trump predicts boom after years of stock market crash triggered by his tariffs

U.S. President Donald Trump conducted a rose-colored assessment after stocks fell sharply on Thursday and said: “I think things are going well.”

“The market will boom, stocks will boom, and the country will thrive,” he said.

The Dow Jones industrial average fell 1,600 points on Thursday, abandoned global markets after President Trump’s extensive tariff announcement triggered the sharpest shock since the 19th pandemic.
On Wednesday, Trump raised the rate of import taxes by at least 10%, with interest rates from specific countries such as China and EU members significantly higher.

Trump downplayed the reaction as the move shook the market globally, saying it was expected. Comparing the United States with patients who need surgery, he answered questions about years of stock market decline.

“I think it’s going well. We have a surgery, like when patients do it, it’s a big deal. I say it’s totally like that,” he said of the trillions of dollars investments from companies that want to make products in the United States to avoid tariffs “enter our country.” “The rest of the world wants to see what they can do to reach an agreement,” he said.

Later, Trump said in a conversation with reporters on Air Force One that he would be willing to use tariffs to negotiate with other countries, which would depend on whether they had some “amazing” to pay back.

He insists that other countries have used the United States for a long time and he hopes it stops.

“We’ve been on the wrong side of the ball for years, and I’ll tell you what I think it’s going to be incredible,” Trump said.

Input from PTI