President Donald Trump raised concerns about his intentions after he posted a TikTok video discussing why he might have purposefully crashed the stock market.
President Donald Trump has denied that he intended to crash the stock market after he previously posted a video on Truth Social about him crashing the market on purpose.
The president addressed the matter while aboard Air Force One, during a press gaggle with reporters as he returned to Washington, D.C., after playing golf all weekend in Florida.Why It Matters
Last week, Trump announced new tariffs on all imported goods from 180 countries as well as a list of «reciprocal duties» targeting China and other countries, claiming to combat trade imbalances and restore America’s manufacturing industry. He hailed the tariffs as the country’s «declaration of economic independence.»
However, Trump’s tariffs and shakeup of global trade has rattled global and domestic markets, with Wall Street tanking over the past few days, marking the worst days for the U.S. stock markets since 2020. The president has insisted that markets will «boom» as a result of his trade war.
Vice President JD Vance also told Newsmax on Thursday, as stock futures continued dropping, that things «could be worse.»What To Know
Trump posted a TikTok video on Friday, claiming he is playing a «secret game» that could «make you rich.
