“We feel well”: Vance insists that the implosion of the market could have been worse after the tariff advertisement of Shock Trump
vice -president JD Vance He does not know what everyone is so worried and rejected the concerns about the collapse of the stock market following the president Donald Trump‘S Announcement of widespread rates.
In response to Trump’s intensified commercial war, the S & P 500 He had his worst day since 2020, down 4.8 percent. The dive has canceled approximately $ 3.1 Trilion of market value.
Technological titles such as Apple AND Amazon He fell beyond, while the markets Asia AND Europe Pull back. All three main market indices had their worst days from the pandemic, And the US dollar has lost all its earnings from Trump’s second electoral victory.
But according to Vance, he could have been worse.
“We feel well. Listen, frankly I thought in some way that it could be worse in the markets, because this is a great transition,” said Vance to the right broadcaster NewSmax Thursday evening.
“Listen, a bad day in the stock market compared to the one that President Trump said today before, and I think he is right, we will have a rating market for a long time because we are reinvestind in the United States of America,” said Vance.
“The people lit Wall Street They did well. We want them to do well. But we are more concerned about American workers and small American businesses. And they are the ones who will benefit from these policies. “
Economists have warned that in fact American workers will probably be strongly up to paying higher costs created by the rates that Trump is imposing.
While the president often claims that foreign countries pay rates, they are American importers, including many dealers, who pay the rates and generally transmit them to the American consumer in the form of higher prices.
Vance filled an analogy used by Trump at the beginning of the day, claiming that the American economy is a “patient who was very sick” and who has gone through an operation and “now it’s time to improve the patient”.
The Asian markets at the beginning of Friday, in the meantime, opened again in red.
The vice -president also commented on Trump’s relationship with the controversial technological billionaire Elon Muskclaiming that Trump has “full confidence in Elon” after a Political He indicates that Trump had told his internal circle that the billionaire was leaving. Vance said that the Musk-Trump relationship was “better than fine”.
He also tried to put a certain distance between the shots of three National Security Council Officials after Trump’s meeting with the right conspiracy theorist Laura Loomer.
Vance said that the officers dismissed are “good people, but they were not helping his agenda”.
