President Donald Trump continues to provide optimistic outlook even after the stock market has responded to the intention of intervention to the mutual Annoncements tariff: “I think it goes very well.”
“The markets will branch, the shares will branch, the country is going to branch,” he added.
US markets after the worst day of Covid: How many S&P 500 & Dow Jones dropped?
Wall Street hit hard on Thursday because the financial markets around the world have experienced a level of shock that could not be seen from the beginning of Covid-19.
The S&P 500 dropped by 4.8%, more than in the main markets throughout Asia and Europe, for its worst day since the pandemic crashed in the economy of 2020.
Everything from oil to large technological shares to the value of the US dollar against other currencies fell. Even the gold that recently hit records when investors were looking for something safer was downloaded below. Some of the worst hits have increased smaller American companies, and the Russell Index 2000 smaller shares decreased by 6.6% to pull more than 20% below its record.
Like when the patient is operated: Trump on the market decrease after the announcement of the tariff
On Wednesday, Trump announced at least 10% of imports on imports with higher rates from China and EU products. The news rattled global markets, but Trump refused concerns and compared the US to a patient who needs surgery when he asked about a sharp drop in market.
“I think it’s very good. We have surgery like when a patient is operating, and it’s a big thing. I said it would be exactly as it is,” he said by an apparent reference to sale
He talked about trillion dollars in investment that “comes to our country” from companies that want to produce their products in Theus to avoid tariffs.
“The rest of the world wants to see that he could agree,” he said.
Trump said “Opened to the use of tariffs to negotiate with other countries”
Trump on board Air Force One told reporters that the use of tariffs is open as a tool of negotiations, depending on whether other countries offered something “phenomenal” in return. He insisted that nations have long been using the US and sought to end it.
“For many years we have been on the wrong side of the ball and I will tell you what, I think it will be incredible,” Trump said as he left the White House to participate in a golf tournament supported by Saudi.
(With the entry from agencies)
(Tagstotranslate) Donald Trump
