President Donald Trump projected a strong stock market rebound Thursday, brushing off a sharp dip in financial markets triggered by the administration’s sweeping new tariffs. Speaking to reporters, Trump remained confident that the long-term outlook for the U.S. economy remains bright and that investors will see a resurgence in value “very soon.”
Markets reacted with steep losses following the announcement of expanded tariffs on foreign-made goods, particularly in the automotive, steel, and tech sectors. Major indexes saw their most significant single-day declines in months, with investors responding to fears of retaliatory trade actions and supply chain disruptions.
Despite the drop, Trump downplayed the volatility, calling it a “temporary adjustment” and insisting the policies would ultimately strengthen the American economy. “We’re making moves that should have been made decades ago,” he said. “The markets are going to boom—this is just the beginning.”
The president also emphasized that the tariffs are aimed at restoring fairness in trade deals and protecting domestic industries from being undercut by overseas competitors. He cited prior periods of market fluctuation during his first term, which were later followed by record highs.
White House economic advisors echoed Trump’s optimism, pointing to upcoming corporate tax incentives and a renewed push for reshoring key industries. Administration officials argue that the short-term market reaction does not reflect the long-term benefits of rebalancing trade relationships and reviving manufacturing employment.
Still, critics warn that continued uncertainty and potential global retaliation could rattle markets further and hurt consumer confidence. Business groups have expressed concern over increased import costs and the potential impact on small and mid-sized enterprises.
While Trump acknowledged the downturn may cause “some unease,” he insisted the fundamentals of the U.S. economy remain strong and said investors who “stay the course” will be rewarded.
As the financial world watches closely, Trump’s prediction of a booming market will be tested in the weeks ahead as the full effect of the tariffs begins to ripple through global trade and corporate earnings.