President Donald Trump says “the markets are going to boom, the stock is going to boom, the country is going to boom,” as a result of his global tariffs which caused financial markets around the world to plummet Thursday.
“I think it’s going very well,” Trump told reporters outside the White House as he left for Florida. “I think it’s gonna be unbelievable,” he said as he walked away.
The US markets were taking the biggest hits Thursday. The S&P 500 was down 4.2% in afternoon trading, more than other major stock markets, and at its bottom in the morning was on track for its worst day since COVID struck in 2020. The Dow Jones Industrial Average was down 1,394 points, or 3.3%, as of 2:09 p.m. Eastern time, and the Nasdaq composite was 5.3% lower.
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