Friday, April 4, 2025

Trump Responds To Market Turmoil Over Tariffs: 'Going Very Well' - Alternative Reality or Idiocy?

 https://www.newsweek.com/trump-responds-market-turmoil-tariffs-2055053

By Thursday afternoon, Wall Street was on track for its worst day since 2022. As of 2:30 p.m. ET, the S&P 500 index had fallen 4.3 percent, while the Nasdaq had tumbled more than 5 percent.

Asian and European markets also fell sharply as economists, analysts and investors sounded the alarm about the potentially devastating impact Trump's tariffs could have on the global economy.

A reporter asked Trump how he thinks things are going as U.S. markets continue plunging in response to his tariffs, which were announced on Wednesday.

"I think it's going very well," Trump replied. "It was an operation, like when a patient gets operated on and it's a big thing. I said this would exactly be the way it is. We have six or seven trillion dollars coming into our country and we've never seen anything like it."

He added: "The markets are going to boom, the stock is going to boom, the country's going to boom. And the rest of the world wants to see, is there any way they can make a deal. They've taken advantage of us for many, many years. And many years we've been at the wrong side of the ball and I'll tell you what, I think it's going to be unbelievable."

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