Trump Claims Tariff Impact 'Going Very Well' Amid Market Plunge

Despite a significant decline in stock markets following the announcement of new tariffs, President Trump insisted that the economic outlook remains positive, claiming that the markets and the country are 'going to boom.' On April 2, he unveiled a sweeping tariff plan which includes a 10% baseline tariff on all imports and higher reciprocal tariffs on several countries, particularly targeting those he deems to have benefited unfairly from trade with the U.S. Trump's comments came as the Dow plunged over 1,400 points, marking one of its worst days in years, with analysts warning that these tariffs could lead to a recession. He emphasized the influx of nearly $7 trillion in investments into the U.S. as a sign of economic resilience. Global markets reacted negatively, with trading partners preparing their own responses amid fears of escalating trade tensions. Analysts, including those from JPMorgan, cautioned that the tariffs could significantly impact American consumers and the overall economy.