Trump Downplays Stock Market Decline While Defending Tariffs and Economic Policies
The former president dismisses recession fears and blames market volatility on previous administration's policies.
- President Donald Trump has rejected concerns about a potential recession following a significant stock market decline of over 2,500 points in recent days.
- Trump defended his tariff policies, claiming they are part of a long-term strategy to rebuild the U.S. economy despite short-term market disruptions.
- He has repeatedly blamed President Joe Biden and Vice President Kamala Harris for economic challenges, including inflation and interest rates, while taking credit for past market gains.
- During his 2024 campaign, Trump warned of a 'Kamala economic crash' if Democrats won, framing the stock market's success as dependent on his leadership.
- Critics have highlighted inconsistencies in Trump's statements, contrasting his past boasts about market surges under his influence with his current dismissal of its relevance.