WASHINGTON – President Trump dismissed a sharp stock market increase on Thursday after implementing his “mutual” tariffs. He expressed optimism about counteracting the harsh effects of new charges on most imports.
“I believe it’s going quite well,” Trump told journalists on the White House Lawn.
“The market is thriving, and stocks are rising.”
The president stated that other nations have “taken advantage of us for many years.”
Trump revealed his comprehensive “liberation date” tariffs on Wednesday afternoon, including 10% tariffs on most nations, 20% tariffs on the European Union across 27 nations, and increased charges for several key trading partners, such as 24% in Japan.
The Dow Jones industrial average dropped over 3.3% on Thursday afternoon.
