Donald Trump Says ‘Market Is Going To Boom,’ Claiming ‘$6-7 Trillion’ Worth Of Inflows Will Come After The Worst Selloff Since 2020
From Yahoo Finance: 2025-04-05 14:30:00
President Trump downplayed stock market decline after tariff announcements, comparing it to a successful operation. He remains optimistic, citing $6-$7 trillion influx into the U.S. and potential for international deals. The market suffered its worst one-day sell-off since 2020, with Dow Jones and S&P 500 experiencing their worst trading day since June 2020.
To address trade deficit, Trump invoked a 1977 statute declaring a trade emergency and imposed new tariffs on Wednesday. A blanket 10% tariff was applied to all trading partners, with additional levies on countries deemed “bad actors.” China, Vietnam, Cambodia, and Sri Lanka face severe tariffs, while Canada and Mexico were exempted. Stock indices have entered correction territory, with the S&P 500 down 12.22% and Nasdaq 100 falling 16.65% from their recent highs.