Trump Says ‘All Going Well’ Despite Worst Market Drop in Years/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ President Donald Trump remained upbeat after a historic stock market plunge linked to new tariffs. He compared the economic turbulence to a necessary operation and insisted recovery was imminent. Despite global selloffs, he touted rising investment and openness to trade negotiations.
Trump Shrugs Off Stock Market Plunge Over Tariffs – Quick Looks
- Dow plunged 1,600 points, worst drop since the pandemic.
- Trump claimed the economy was booming despite the global selloff.
- He likened tariffs to “surgery” necessary for long-term recovery.
- Said trillions in investment are flowing into U.S. manufacturing.
- Open to trade talks, but only for “phenomenal” offers.
- Blamed foreign nations for years of taking advantage of U.S. trade.
Trump Says ‘All Going Well’ Despite Worst Market Drop in Years
Deep Look
As global markets reeled from a steep selloff triggered by newly announced tariffs, President Donald Trump remained unfazed, offering a characteristically optimistic take on the turmoil. Despite the Dow Jones Industrial Average plummeting over 1,600 points—the worst single-day drop since the COVID-19 pandemic—Trump insisted the country was on the brink of an economic boom.
“I think it’s going very well,” Trump told reporters as he departed the White House en route to Florida for a Saudi-backed golf tournament at his Doral club. “The markets are going to boom, the stock is going to boom, the country is going to boom.”
Markets worldwide took a beating following Trump’s Wednesday announcement of sweeping new tariffs. A minimum 10% import tax now applies across the board, with even steeper rates for goods from key trading partners like China and members of the European Union. The move shocked financial analysts and investors alike, igniting a wave of uncertainty that rippled through global indices.
While the financial world panicked, Trump dismissed the downturn as a short-term side effect of a much-needed overhaul. Drawing a medical analogy, he compared the situation to a patient undergoing surgery—a painful but ultimately healing process.
“We have an operation, like when a patient gets operated on and it’s a big thing,” Trump said. “I said this would exactly be the way it is.”
Rather than backpedal on the controversial tariffs, Trump doubled down, promoting the policy as a strategy to bring foreign companies—and their investments—into the U.S. He claimed that “trillions of dollars” were heading stateside from companies aiming to sidestep tariffs by relocating their manufacturing operations.
Later, aboard Air Force One, Trump hinted that he was open to modifying tariff policies—but only if other nations brought “phenomenal” trade offers to the table.
“The rest of the world wants to see is there any way they can make a deal,” he added, suggesting leverage was firmly in U.S. hands.
Trump has long criticized America’s trade relationships, arguing that international partners have taken advantage of the U.S. through lopsided agreements and lax regulations. The tariff hikes, he said, are part of a larger effort to restore balance.
“For many years, we’ve been at the wrong side of the ball,” he said. “And I’ll tell you what, I think it’s going to be unbelievable.”
Despite the shockwaves his policies have sent through global markets, Trump appeared confident that the U.S. economy would rebound stronger than ever—fueled by domestic production and renegotiated trade deals.
Critics, however, warn that the aggressive trade measures could trigger long-term volatility, strain diplomatic ties, and undercut consumer confidence. Economic analysts continue to debate whether Trump’s tariff-heavy strategy will ultimately yield the promised investment surge—or usher in prolonged economic disruption.
As global markets brace for further turbulence, Trump’s supporters view his unwavering stance as a bold leadership move, while skeptics see it as risky brinkmanship with unpredictable consequences.
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