'My policies will never change': Trump says 'it’s going very well' after market meltdown
04 April
U.S. President Donald Trump waves to supporters as he departs his golf course in West Palm Beach, Florida, U.S., March 29, 2025. REUTERS/Kevin Lamarque
In a series of unhinged missives, President Donald Trump is declaring victory—ignoring the toll on American families and businesses of all sizes after U.S. markets lost $3.1 trillion on Thursday. The plunge, one of the largest in history, has been widely attributed to his heavily criticized tariff package, which has triggered outrage both domestically and internationally.
“To the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich, richer than ever before!!!” Trump proclaimed Friday morning in an all-caps post, just before the markets again took a massive nose dive, and after China announced it would impose a 34% tariff on U.S. goods.
Politico’s Meredith Lee Hill described China’s tariffs as “crippling.”
Trump’s promise that his policies will “never change” is an apparent walk-back of his (and his son’s) suggestion that he would be open to negotiation, something the White House spent much of Thursday denying.
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“This is… definitely not the message investors wanted from the President this morning,” wrote CNBC’s D.C. correspondent Megan Cassella.
Trump’s vow to stay the course came after Fox News pundits and guests had spent much of Thursday insisting Trump would negotiate on tariffs, and urging him to do so on Friday morning.
The President, who has been vacationing in Florida, attended a LIV golf tour dinner Thursday and is hosting the Saudi-owned professional men’s golf tournament this weekend, was quick to falsely suggest his tariffs were responsible for what analysts see as the surprisingly good jobs report that was released Friday morning.
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“Great job numbers, far better than expected. It’s already working. Hang tough, we can’t lose!!! Trump wrote just before the Dow opened and quickly dropped another 1000 points. The jobs report, which is reflective of the month of March, has nothing to do with Trump’s tariff imposition on Thursday.
“I think it’s going very well—The MARKETS are going to BOOM…” Trump posted Thursday, minutes before the Dow closed down nearly 1700 points.
The panic was obvious on Fox Business Friday morning.
“The economy was good. Everything was fine,” lamented Gerald Storch, CEO of Storch Advisors. “Now there’s this blinding light, like a giant searchlight, staring at everyone with these tariffs, and these are these numbers aren’t gonna make any difference at all,” he said, apparently referring to the jobs report.
“What’s, what the market is worried about is what’s gonna happen in the future. Who’s gonna hire now in this uncertain environment? I think people are very, very concerned, and that’s why, again, we need to get to work. We need to act on negotiating now. We need to get tax cuts now. We need to get deregulation now to make a difference before this gets out of control the other way.”
Economic pundit Stephen Moore, a Trump 2016 campaign advisor, agreed, saying, “We want as quick a deal on this as soon as possible, because every country would benefit.”
Watch the video below or at this link.