Trump Announces Mutual Tariffs Against All Countries the Previous Day
"Everything Will Go Very Well"
On the 3rd (local time), the day after U.S. President Donald Trump launched a mutual tariff bombardment against the entire world, the New York stock market plummeted across the board, but he claimed that a BOOM would come to the market.
President Trump stated this on his social networking service (SNS) Truth Social, which he created, writing, "I think everything will go very well."
He also told reporters at the White House that afternoon, "The market, stocks, and the country will all enjoy a boom," adding, "The rest of the world wants to know if there is a way to make deals (with us)."
This remark came amid the major three indices of the New York stock market simultaneously plunging by around 5% the previous day, when President Trump officially announced the imposition of mutual tariffs. Earlier, U.S. Treasury Secretary Scott Baesant also repeatedly expressed that he was not concerned about short-term volatility in the U.S. stock market due to tariff policies and was focusing on the long-term soundness of the real economy and the market.
Throughout the day, President Trump posted several messages on SNS defending the legitimacy of mutual tariffs. He also uploaded photos of himself with phrases such as "America is back" and "Day of American liberation."
In a post on Truth Social that morning, he said, "The surgery is over," adding, "The patient survived and is healing." He continued, "The prognosis is that the patient will be much stronger, bigger, better, and more resilient than ever before," and wrote his campaign slogan, "MAKE AMERICA GREAT AGAIN!" This was interpreted as likening America to a 'patient' and mutual tariffs to 'surgery,' expressing his determination that the tariff policy would lead to the recovery and rebuilding of the ailing U.S. economy.
Additionally, President Trump shared a Fox News interview article with Senator John Neely Kennedy (Republican, Louisiana), who supports mutual tariffs. He introduced Senator Kennedy's statement that "President Trump is telling foreign companies that want to sell in America to move their businesses here and hire American workers."
The day before, President Trump announced at the White House Rose Garden that he would impose mutual tariffs of at least 10% on all trading countries worldwide. After imposing a basic tariff of 10% on all countries, he will review each country's tariff and non-tariff barriers and impose a '10%＋α' tariff on so-called 'worst offenders' deemed to have high trade barriers.
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