President Donald Trump reportedly addressed the growing financial panic as markets experienced a significant downturn, asserting that his new tariff policy will bring about “GREATNESS.”
In a post on Truth Social, he urged Americans not to succumb to fear, encouraging them instead to be strong and resilient. “Don’t be Weak! Don’t be Stupid!” he emphasized in his message.
Trump’s “Liberation Day” tariffs, unveiled recently, have contributed to a global market selloff, leading to the Dow dropping 1,300 points at Monday’s opening, marking the third consecutive day of declines.
The S&P 500 officially entered bear market territory during this period. The turbulence in the financial markets extended to futures and foreign markets, intensifying worries about a potential recession.
In his post, Trump introduced a new term for skeptics of his tariff strategies, labeling them as “PANICANS,” which he defined as a group of “Weak and Stupid people.”
He insisted that the United States has a unique opportunity to rectify long-standing trade issues, actions that he believes should have been implemented decades prior.
Despite the market’s negative response, Trump remains confident in his approach, expressing that perseverance will lead to monumental economic success.
This message coincided with various commentators and financial analysts warning of increased recession risks, including notable figures like Jamie Dimon.
The combination of Trump’s assertive rhetoric and the stark reality of plummeting stock prices creates a complex narrative as he calls for strength amid fear.
His insistence on remaining steadfast reflects his broader strategy to reshape U.S. trade policies, which he maintains are essential for the country’s economic revival. As the situation develops, both markets and public sentiment will be closely monitored.
[READ MORE: Elon Breaks With Trump On Tariffs]
