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.

Tariff Details…

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