WASHINGTON — President Trump disregarded a steep inventory market plunge Thursday following adoption of his “reciprocal” tariffs — saying he anticipated a reversal of the brutal impression of recent charges on most imported items.
“I think it’s going very well,” Trump informed reporters on the White Home garden.
“The markets are going to boom, the stocks are going to boom.”
The president mentioned different international locations “have taken advantage of us for many, many years.”
Trump on Wednesday afternoon introduced his sweeping “Liberation Day” levies, together with a ten% tariff on most international locations and better charges on some key buying and selling companions, together with a 20% tariff on the 27-nation European Union and 24% on Japan.
The Dow Jones Industrial Common fell greater than 3.3% as of mid-afternoon Thursday.
