In his second reaction, Trump shrugs after shaking global markets with customs duties: “I think it works very well”
US President Donald Trump is doing his hand as he leaves the White House to Florida. Washington, DC, USA, April 3, 2025. Photo: Andrew Leyden / Zuma Press / Profimedia
President Donald Trump seemed to the market reaction on Thursday after his Wednesday's announcement on mutual rates, telling reporters on Thursday: “I think it works very well,” reports CNN and The Guardian.
“I think it works very well. It was an operation, as when a patient is operated on and it is a big thing. I said this will be exactly as it is … I have never seen something similar. The markets will explode. The actions will explode. The country will explode,” Trump told the reporters gathered on the southern law.
“And the rest of the world wants to see if there is any way to make an understanding. They have taken advantage of us for many years. For many years I have been on the wrong side of the file and I tell you something: I think it will be incredible,” commented the white house.
Previously during Thursday, the Republican leader had a first reaction after the global commercial war he had triggered. He acknowledged the shock caused by his tariff attack, but claimed that the US economy would rise “much stronger”, even if the world markets have decreased, according to AFP.
“The operation ended! The patient lived and heal (underline the American president, no).
Trump, the first message after triggering the world commercial war: “The operation ended, the patient lived.” What “forecast” has / Wall Street and the American dollar collapse
On Thursday, the global markets were strongly shaken by Trump's historical announcement about the rates, which threaten to throw the US and the rest of the world in a recession.
Wall Street lost about $ 2 billion on Thursday. The DOW index decreased by 1,400 points (3.4%), returning from a minimum of 1,570 points. The wider index S&P 500 decreased by 4.3%, reaching the lowest level in September. The NASDAQ technological index has decreased by 5.5% and also reached the lowest level in September. All three main indices were about to record the worst day after the inflationary crisis of 2022.
But the president, instead indicated the new announcements of investment under his administration as promising news for the economy.
“The thing we have to talk about is that we have almost seven trillion dollars coming to our country,” he said. “I think our country will know a boom,” Trump added.
In the last almost 24 hours, Trump has faced a general critical reaction from American legislators and world leaders about his tariff plan, Republican Senator Mitch McConnell calling them “bad politics”, while Canada-a traditional American ally-called “unjustified” and “unaware”.
