U.S. President Donald Trump watched in the Oval Office on March 6, 2025 the day the execution order was signed at the White House in Washington, DC, USA.
Evelyn Hawkstan | Reuters
President Donald Trump said Thursday that his administration would not consider stock market reactions when finalizing the details of its tariff policy.
When asked if it was decided Pause of tariffs Trump said that in many products in Canada and Mexico, the decision “has nothing to do with the market. I’m not even looking at the market because what will happen here in the long term in the United States is very powerful.”
The president added: “It’s very much about companies and countries that have deprived this country, our country, our beloved America. And, they’re not depriving us anymore. So, you know, I think it’s going to have an impact on the market.”
Trump made comments in the Oval Office during an event signing the execution order on Thursday. Later, Trump was asked again about the market selling and accusing the “globalist”, the word he used to describe companies and countries before this incident.
“I think it’s the globalists who see how wealthy our country will be, and they don’t like it. The big market. But, they’ve been taking the country away for years. And they’ll do it well – everyone will do it well. But we can’t let this continue to happen in the United States. Otherwise we won’t have a country anymore.”
These comments are because the stock market has been struggling in recent days, Wall Street’s main average Losing a week. On Thursday, Nasdaq Comprehensive Materials closed more than 10% at its recent high, bringing the Technological Heavy Duty Index into correction territory.
Some on Wall Street hope that Trump will be seen as business-friendly during his first term, and as a candidate, he sees the stock market as approval rate. The idea is sometimes called “Trump put”, which is a work on options terms, which suggests that the president will make the stock market fall too far.
However, the Trump administration has continued to take a positive attitude towards trade in recent days, even if it appears to trigger a stock sell-off, Nomura economists said in a note that the reality of Trump’s first term Cause suspicion On the idea of ”proposed by Trump”.
Also on Thursday, Commerce Secretary Howard Lutnick said Trump’s attention was wider than the stock market’s daily actions.
“The president wants U.S. growth and U.S. prosperity, okay? Stocks are down half a percent or a percentage, up half a percent or a percentage, that’s not the driving force behind our results,” Lutnick said on CNBC on Thursday. “The president is focused on rebuilding the U.S. and you’ll see growth in the U.S. … You’ll see interest rates drop by 1 percent or more. You’ll see the stock market explode.”
