Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off
- Trump expresses confidence (“markets will boom”) despite tariff-driven market plunge
- New 10% baseline tariff (54% effective China rate) confirmed, effective Apr 5
- S&P, Dow, Nasdaq see sharpest drops in years; broad stock losses recorded
President Donald Trump expressed strong confidence in the U.S. economy Thursday, even as markets recorded steep one-day losses following his administration’s confirmation of new trade tariffs.
Shortly after the closing bell, Trump declared, “The markets are going to boom… The country is going to boom,” dismissing investor concerns over the tariffs that triggered a broad sell-off.
The president described the economic impact as part of a larger strategy, comparing the tariffs to a medical procedure. “It’s an operation… like when a patient gets operated on,” he said, insisting temporary pain would lead to long-term recovery.
— Coin Edition: Your Crypto News Edge (@CoinEdition) April 4, 2025
ICYMI: US President Trump says "THE MARKETS ARE GOING TO BOOM" expressing things are going very well.
Further news at https://t.co/Qii434p7O4.#Trump #TrumpTariffs #tariffs #Crypto pic.twitter.com/heq7jGLELk
Tariff Details…
The post Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off appeared first on Coin Edition.
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Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off
- Trump expresses confidence (“markets will boom”) despite tariff-driven market plunge
- New 10% baseline tariff (54% effective China rate) confirmed, effective Apr 5
- S&P, Dow, Nasdaq see sharpest drops in years; broad stock losses recorded
President Donald Trump expressed strong confidence in the U.S. economy Thursday, even as markets recorded steep one-day losses following his administration’s confirmation of new trade tariffs.
Shortly after the closing bell, Trump declared, “The markets are going to boom… The country is going to boom,” dismissing investor concerns over the tariffs that triggered a broad sell-off.
The president described the economic impact as part of a larger strategy, comparing the tariffs to a medical procedure. “It’s an operation… like when a patient gets operated on,” he said, insisting temporary pain would lead to long-term recovery.
— Coin Edition: Your Crypto News Edge (@CoinEdition) April 4, 2025
Further news at https://t.co/Qii434p7O4.#Trump #TrumpTariffs #tariffs #Crypto pic.twitter.com/heq7jGLELk
Tariff Details…
The post Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off appeared first on Coin Edition.
Read More
IMF Warns Negative Supply Shock Incoming, Forecasts ‘Significant Slowdown’ of Global Economy