- Trump told investors it’s a “great time to get rich” despite markets plunging after his new tariff plan.
- Dow futures dropped 1,200 points and China hit back with a 34% tariff on all U.S. goods.
- Tech-heavy indexes like the Nasdaq fell as fears of a global recession start to build.
As U.S. markets continue to spiral downward, President Donald Trump took to Truth Social early Friday with a message aimed squarely at investors: don’t panic—buy in. His post came just hours after China announced a 34% tariff on all U.S. goods in response to Trump’s sweeping new trade measures.
“To the many investors coming into the United States and investing massive amounts of money, my policies will never change,” Trump wrote. “This is a great time to get rich, richer than ever before!!!”
Wall Street Feels the Heat
Meanwhile, the markets aren’t exactly cheering. Futures for the Dow Jones dropped 1,200 points, or roughly 3%, signaling a brutal open ahead—on the heels of Thursday’s 1,679-point nosedive, the worst single-day drop since 2020.
The S&P 500 futures sank another 3%, and Nasdaq 100 futures dipped 2.6%, dragged down by tech stocks—many of which rely heavily on Chinese supply chains now under pressure from retaliatory tariffs.
Tariff Escalation Intensifies
All of this chaos began Wednesday, when Trump rolled out a 10% baseline tariff on all imports into the U.S., with much steeper rates for certain countries—34% on China, 20% on EU goods, among others. China’s counterpunch came fast, slapping a blanket 34% tariff on all U.S. products.
Recession Fears Loom, But Trump Stays Bullish
While economists warn that rising prices and global tension could tip the U.S. into a recession, Trump is keeping his message consistent: stay the course. Whether his optimism will calm investors or further unnerve markets—well, we’ll see soon enough.
