Trump Says 'Things Are Going Very Well' Despite Worst Stock Market Drop in Years Over Tariffs
President Trump downplayed mounting concerns after imposing significant tariffs, emphasizing that the U.S. economy remains on track despite the worst stock market drop in years.
Published on April 4, 2025
On April 3, 2025, President Donald Trump announced sweeping tariffs on global imports, including a minimum 10% on most items and even higher rates for products from China and the European Union. Despite the Dow Jones Industrial Average falling more than 1,600 points and triggering a global market selloff, Trump compared the economic turbulence to a necessary surgery for a sick patient and insisted the U.S. economy is on the right track.
The new tariffs have provoked significant market volatility both domestically and abroad, with investors wary of potential long-term impacts. Even as global markets in Asia, Europe, and beyond have shown notable declines, Trump maintained that the short-term pain would lead to long-term gains. His comments came as he departed for a golf tournament in Florida, with further trade negotiations hinted at to address the imbalances and concerns raised by the sweeping tariff measures.