President Donald Trump has insisted that the United States stock market is “going very well” despite the sharp decline recorded on Thursday, the worst in years.
The new tariff plan announced by the president on Wednesday caused a significant drop in equities, with major stock indices suffering steep losses.
Speaking at the White House before boarding Marine One en route to Florida, the president reassured that the markets will eventually recover.
“I think it’s (the stock market) going very well. It was an operation, like when a patient undergoes surgery,” Trump said, recalling his earlier prediction of the current situation.
“We have six or seven trillion dollars coming into our country. The markets are going to boom, the stock market is going to boom, the country is going to boom.”
Trump added that countries around the world “want to see if there’s any way they can make a deal”, stating that they have benefited more from trade with America over the years.
“They’ve taken advantage of us for many years. For many years we’ve been on the wrong side of the ball,” he remarked.
The US leader also emphasised that what people should be focusing on is the $7 trillion in investments flowing into the United States.
“You’ll see how it turns out. Our country is going to boom,” the president declared.
