ISTANBUL
After several days of stocks in free fall, US President Donald Trump said Wednesday that the US will be bigger and better than ever and that its’ “a great time to buy.”
Trump posted on social media after his announcement last week of higher tariffs on US trade partners worldwide rocked international markets, including US indices.
“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” he said.
“THIS IS A GREAT TIME TO BUY!!!” Trump added.
After his remarks, the Dow Jones and S&P 500 indices, which started the day down, reversed their losses.
The Nasdaq composite also accelerated its gains after Trump’s remarks.
The stocks suffered for four consecutive sessions after the US president announced the imposition of sweeping tariffs on over 180 countries, ranging from 10% to 50%.
Trump had previously shrugged off the market losses, pledging that despite short-term pain, in the end the US would benefit from his changes.
The call for confidence followed a number of high-profile market movers, including traditional Trump allies, expressing skepticism about his current course.
