Trump: Stock Markets Will Boom Despite Tariffs

In his first comment on the collapse in global markets following the US announcement of retaliatory tariffs on US imports, US President Donald Trump said on Thursday that stocks will “boom” and so will the US economy.

In response to a question about the decline on Wall Street and other stock markets, Trump told reporters as he left the White House for Florida that “the stock markets will boom,” adding, “The country will boom.”

US stock indices saw sharp declines during Thursday’s trading session, after European markets closed with significant declines following Trump’s announcement on Wednesday that he would impose comprehensive tariffs on 180 countries, with a minimum of 10%.