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“The markets are going to boom, the stock is going to boom, the
country is going to boom,” he said when asked about the market
as he left the White House to fly to one of his Florida golf
clubs.
The Dow Jones Industrial Average dropped more than 1,600 points
on Thursday as U.S. stocks led a worldwide selloff after the
Republican president's announcement of tariffs against much of
the world ignited a shock like none seen since the COVID-19
pandemic.
Trump on Wednesday announced a minimum tariff of 10% on imports,
with the tax rate running much higher on products from certain
countries like China and those from the European Union.
The announcement jolted markets worldwide, but Trump said that
was to be expected. He compared the United States to a sick
patient in need of surgery when asked by a reporter for his
reaction to the worst stock market drop in years.
“I think it's going very well. We have an operation, like when a
patient gets operated on and it's a big thing. I said this would
exactly be the way it is,” he said, an apparent reference to the
selloff.
He talked about trillions of dollars in investment that is
“coming into our country” from companies that want to make their
products in the U.S. to avoid tariffs.
“The rest of the world wants to see is there any way they can
make a deal," he said.
Later, speaking with the reporters on aboard Air Force One,
Trump said that he'd be open to using tariffs to negotiate with
other countries and that it would depend on whether they had
something “phenomenal” to offer in return.
He maintains that other countries have been taking advantage of
the U.S. for a long time and he wants it to stop.
“For many years, we’ve been at the wrong side of the ball and
I’ll tell you what, I think it’s going to be unbelievable,"
Trump said as he left the White House to attend a Saudi-backed
golf tournament at his club in Doral, Florida.
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