President Donald Trump is sounding an upbeat note about his tariffs even as the stock market reacted by falling more than 1,600 points.

WASHINGTON (AP) — President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.”

“The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs.

The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president’s announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

  • ijedi1234@sh.itjust.worksEnglish
    38·
    2 days ago

    The full quote, if anyone’s interested:

    I think it’s going very well. It was an operation, like when a patient gets operated on, and uh, it’s a big thing. I said this would exactly be the way it is. Uh, we have 6 or 7 trillion dollars coming into our country, and uh, we’ve never seen anything like it. Uh, the markets are gonna boom, the stocks’re gonna boom, the country’s gonna boom, and the rest of the world wants to see: Is there any way they can make a deal? They’ve taken away advantage of us for many many years. For many years, we’ve been at the wrong side of the ball, and I’ll tell you what: I think it’s gonna be unbelievable. The thing that people have to talk about - we’re up to almost 7 trillion dollars of investment coming into our country, and uh, you’ll see how it’s gonna turn out. Our country’s gonna boom.