Trump predicts stock market rebound after tariffs plunge: ‘Markets are going to boom’

By New York Post (U.S.) | Created at 2025-04-03 19:04:39 | Updated at 2025-04-04 17:15:22 22 hours ago

WASHINGTON — President Trump brushed off a steep stock market plunge Thursday following adoption of his “reciprocal” tariffs — saying he expected a reversal of the brutal impact of new fees on most imported goods.

“I think it’s going very well,” Trump told reporters on the White House lawn.

“The markets are going to boom, the stocks are going to boom.”

President Trump expressed confidence on Thursday that markets will soar after the short-term pain of his tariffs. Getty Images

Traders on the floor of the New York Stock Exchange react to market gyrations. AP

Stock chart for S&P 500 for Thursday, April 3. Mike Guillen/NY Post Design

Stock chart for Dow Jones Industrial Average for Thursday, April 3. Mike Guillen/NY Post Design

Stock chart for Nasdaq Composite for Thursday, April 3. Mike Guillen/NY Post Design

The president said other countries “have taken advantage of us for many, many years.”

Trump on Wednesday afternoon announced his sweeping “Liberation Day” levies, including a 10% tariff on most countries and higher rates on some key trading partners, including a 20% tariff on the 27-nation European Union and 24% on Japan.

The Dow Jones Industrial Average fell more than 3.3% as of mid-afternoon Thursday.

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