President Donald Trump downplayed concerns over a stock market selloff that followed his announcement of new 25% tariffs on Mexico and Canada, insisting that short-term fluctuations should not dictate economic policy.
Speaking in an interview aired Sunday on Fox News, Trump addressed concerns raised by host Maria Bartiromo about the economic “disruption” he previously acknowledged would result from his presidency.
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“Before you came into the Oval Office the first time, you were a very successful businessman, very successful real estate executive, and a lot of people said, oh, this is the business president,” Bartiromo said. “He’s watching the stock market. He knows all about, you know, he doesn’t want the market to go down.
And now we’ve got tariffs, and the market has been going down.” Trump quickly dismissed the significance of the market’s reaction. “Well, not much, I mean, in all fairness,” he replied. Bartiromo pressed further, referencing Trump’s past remarks about expecting “disruption” in the economy.
“You said, look, we’re going to have a disruption, but we’re OK with that,” she noted. “Is that what you meant? Is the stock market going down because of the disruption? What other disruption were you alluding to?”
Trump argued that focusing on short-term market movements was not an effective approach to economic policy. “You can’t really watch the stock market,” he said. “If you look at China, they have a hundred-year perspective. We have a quarter. We go by quarters.”
He continued to defend his tariff policy, portraying it as a necessary measure for long-term economic growth. “And you can’t go by that,” Trump added. “What we’re doing is we’re building a tremendous foundation for the future.”
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The stock market saw immediate declines following Trump’s tariff announcement, reflecting investor concerns over potential trade disruptions and economic instability. However, the president remains firm in his belief that his approach will ultimately strengthen the U.S. economy.
While Trump has long promoted his business acumen as a key asset in leading the country, his embrace of tariffs has drawn criticism from economists and business leaders who warn of potential job losses and higher consumer prices.
As the impact of the tariffs unfolds, both supporters and critics continue to watch whether Trump’s long-term economic vision will yield the results he promises or if the disruption proves more damaging than anticipated.
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