Trump has long touted the market's success in office. Now, he's taking a different view as stocks have tumbled, with the S&P 500 having its worst day since September.

Summary

Trump previously touted the stock market as proof of his success, but he’s now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.

The S&P 500 has lost all gains since Trump’s election.

Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary “period of transition,” claiming tariffs will eventually “make our country rich again.”

The White House insists Trump’s economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.

  • Plebcouncilman@sh.itjust.worksEnglish
    8·
    1 day ago

    I don’t think that’s his point. I mean like the person you are replying to says, Trump is absolutely correct on this. Planning on a quarter by quarter basis is awfully miopic and has resulted in a marked enshitification of everything because people sacrifice the long term for the short term.

    I don’t think there’s evidence that his policies will have good long term effects, but he’s right that we need to start adopting a long term view when gauging economic performance.