Summary

Trump previously touted the stock market as proof of his success, but he’s now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.

The S&P 500 has lost all gains since Trump’s election.

Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary “period of transition,” claiming tariffs will eventually “make our country rich again.”

The White House insists Trump’s economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.

  • givesomefucks@lemmy.world
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    22 days ago

    “You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”

    If you never stop talking, you’ll eventually say something true on accident…

    That being said, the stock market isn’t going to rebound until midterms, and that’s only if Dems get some control back. Even just Republicans losing the house would make investors confident enough to enter the market again.

    But when Republicans can do anything they want. No one is going to be investing, it’s too volatile

  • FahrenheitGhost@lemmy.world
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    22 days ago

    Trump in a nutshell:

    Something going well = Look at this amazing thing I did that only I could have done. You’re welcome!

    Something not going well = It’s not my fault! Biden, Democrats, deep state, liberals, China, swamp!!!