United States President Donald Trump looks at the Oval Office, the day he signs executive orders, at the Washington White House, DC, USA, on March 6, 2025.
Evelyn Hockstein | Atmosphere
President Donald Trump said on Thursday that his administration would not consider the reaction of the stock market to eliminate the details of his fare policy.
When asked if the decision to make Pause rates In many products in Canada and Mexico for a month it was due to the stock market, Trump said that the decision had « nothing to do with the market. I am not even looking at the market, because the United States in the long run will be very strong with what is happening here. »
« It’s a lot of companies and countries that have started this country, our country, our beloved United States. And they will no longer spoil us. So you know, I think this has an impact on the market, » added the President.
Trump made the statements to the Oval Office on Thursday at an event to sign executive orders. Trump asked again about the sale of the market and blamed the « globalists », a term he had used to describe companies and countries before the event.
« I think it is the globalists who see the rich of our country and they do not like it. The big market here. But again, they have been devastating this country for years. And they will do very well, everyone will do very well. But we cannot let this continue to happen in America. Otherwise, we will not have a country, » said the President.
Comments occur when the securities market has fought in recent days, with Wall Street’s major averages Lost week. On Thursday, Nasdaq Composite closed more than 10% below its recent highest, putting the technological index in the correction territory.
Some of Wall Street have hoped that Trump, who would be friendly for business during his first term and as a candidate, would consider the values market as an approval rating. Sometimes this idea is called « Trump Put », a work of the terminology of options that suggests that the President would prevent the values market from falling too far.
However, the Trump administration has continued to take on an aggressive stance on trade in recent days, even when it seems to have caused a sale in shares, and the nomura economists said in a note that the reality of Trump’s first mandate the casts doubt to the idea of »Trump Put ».
On Thursday, the Secretary of Commerce, Howard Lutnick, said that Trump’s focus was wider than the daily movements of the stock market.
« The President wants North -American Growth and North -American Prosperity, OK, and the fact that the values market drops half percent or percentage, rises half percent or percentage, is not the main thread of our results, » said Lutnick on CNBC Thursday. « The President is focused on the reconstruction of America and you will see growth in America … You will see that interest rates fall by 1% or more. You will see that the stock market exploits. »
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