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.

  • 9point6@lemmy.world
    3·
    9 months ago

    You know when we recently had one of our leaders crash our economy with right-wing vibe economics in the UK, we kicked her out of the job pretty quickly and now consider her a laughing stock.

    Precedent has already been set with what you do in this scenario—what’s taking you guys so long?

  • barneypiccolo@lemm.eeEnglish
    2·
    9 months ago

    Of course it’s going well, the stock market drop was exactly what he was hoping for.

    Have we forgotten that he has done this each month since he was Inaugurated?

    Today the stock market crashrs on the tariff news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

    The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.

    It’s deliberate market manipulation.

      • barneypiccolo@lemm.eeEnglish
        1·
        9 months ago

        Those at the top have been conditioned to respond to quarterly earnings reports. They dont think much about long term strategy, other than to hoard as much money as possible to help them ride out whatever revolt might be coming.

        And dont forget, most of them arent the smart ones that built those fortunes. Most are ignorant nepo-babies like HitlerPig, who paid or bullied their classmates to do their homwork, remained stupid, then inherited their family’s fortune.

        They were born on third base, and brag about hitting a triple.

    • reiterationstation@lemm.eeEnglish
      1·
      9 months ago

      I’m thinking the same but I also wouldn’t bet on it with him. However it is the same play right at the beginning of the month again. They are making so much money off of this.

  • MagicShel@lemmy.zipEnglish
    1·
    9 months ago

    I wonder if they’ll realize Trump is doing to healthcare, diplomacy, the military, and social security what he’s doing to the economy.

    • Fredselfish@lemmy.world
      1·
      9 months ago

      No for once he not lying. It’s going great if you goal is to destroy America. He is doing Russia dirty work. He needs to be removed along with everyone in his circle.

  • jonne@infosec.pub
    1·
    9 months ago

    “The markets are going to boom, the stock is going to boom, the country is going to boom,”

    FTFY

    • DNS@discuss.online
      1·
      9 months ago

      Correction: US Republicans and Trump hate the USA. Do not pin it on one person as it takes a village. Fox News hates America, Joe Rogan rather be Russian than an American.

      Don’t let these fascists off the hook so easily.

  • ijedi1234@sh.itjust.worksBanned from communityEnglish
    0·
    9 months 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.