President Trump spoke to members of the press outside the White House on Thursday amid a stock market dip in the wake of Trump 2.0’s new reciprocal tariffs.
“I think it’s going very well. It was an operation like what a patient gets operated on, and it’s a big thing,” Trump told reporters on the White House lawn.
Trump added: “The world wants to see, is there any way they can make a deal? They’ve taken advantage of us for many, 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.”
Watch the clip below:
I think it’s going very well—The MARKETS are going to BOOM…
Donald Trump Truth Social 4/03/25 03:17 PM pic.twitter.com/fA5nnwiAyH
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 3, 2025
From The New York Post:
Trump on Wednesday afternoon announced his sweeping “Liberation Day” levies, including a 10% tariff on most countries and higher rates on some key trading partners, a 20% tariff on the 27-nation European Union, 25% on South Korea and 24% on Japan.
The higher reciprocal rates are loosely correlated with the current US trade deficit with each country.
The Dow Jones Industrial Average fell more than 3.3% as of mid-afternoon Thursday.
The new 10% baseline is roughly triple the average US tariff rate and will take effect at 12:01 a.m. Saturday.
Specific reciprocal duties will take effect after midnight on April 9.
More over at The New York Post:
Trump predicts stock market rebound after tariffs plunge: ‘Markets are going to boom’ https://t.co/XiNG9euQnf pic.twitter.com/1rqvmbf00N
— New York Post (@nypost) April 3, 2025