Trump urges Americans to 'hang tough' on tariffs plan as markets tumble
Trump on Truth Social claimed that an 'economic revolution' is taking place
Michael Dorgan By Michael Dorgan Fox News
Published April 5, 2025 1:20pm EDT
President Donald Trump is doubling down on his controversial tariffs program and has called on Americans to "hang tough" amid stock market turmoil over the last few days.
Trump, in a post on Truth Social Saturday morning, wrote that his plan is already working with trillions of dollars already being poured into the U.S. economy.
"We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN," Trump wrote.
This week's steep losses for the S&P 500 and the Nasdaq were among the worst in the past decade as stocks tumbled for a second day in a row. On Friday, the Dow Jones Industrial Average plunged 2,231.07 points, or 5.5%, while the S&P 500 and Nasdaq Composite fell 5.97% and 5.82%, respectively. The Nasdaq entered into bear market territory on Friday.
Trump implemented a 10% baseline tariff on all imported goods into the United States while some countries were slapped with higher tariffs.
But Trump remains defiant that his plan will work in the long term as he aims to reduce America's trade deficit with other countries, protect American industries and bolster jobs by encouraging companies to move manufacturing back to the U.S.
"HANG TOUGH, it won’t be easy, but the end result will be historic," Trump wrote. "We will, MAKE AMERICA GREAT AGAIN!!!" Trump wrote.
Trump took aim at China after the communist country clapped back to Trump’s Liberation Day tariff announcement with a reciprocal 34% tariff on U.S. imports.
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https://www.foxnews.com/politics/trump-urges-americans-hang-tough-tariffs-plan-markets-tumble
