Accounts Melting Away... Trump's Surprising Response with 'Tariff Bomb'

Trump: "Tariff Policy Doesn't Consider Stock Market Reaction"

Maintains 'America First' Policy Despite New York Stock Market Correction

Commerce Secretary Lutnick: "Expects Interest Rate Cuts and Stock Market Rebound"

U.S. President Donald Trump stated on the 7th (local time) that he would not consider stock market reactions when making decisions on the country's tariff policies.

According to U.S. CNBC, when asked by reporters during an executive order signing ceremony at the White House Oval Office whether the one-month delay in imposing tariffs on certain products imported from Canada and Mexico this month was unrelated to the stock market, President Trump replied, "It has nothing to do with the market."

He emphasized, "I don't look at the market. In the long term, the United States will have a very strong economy due to the policies currently being implemented."

President Trump stated, "This measure is a response to companies and countries that have been exploiting the United States," adding, "They will no longer be able to take advantage of the United States." He went on to explain that while these policies might affect the market, they are measures aimed at strengthening the U.S. economy in the long term.

Recently, the New York stock market has been recording daily declines. The tech-heavy Nasdaq Composite Index has entered a correction phase, falling more than 10% from its recent peak.

Wall Street had expected that since President Trump pursued business-friendly policies during his first term, he would consider the stock market an important indicator if he ran again. Some experts called this the 'Trump Put,' predicting that President Trump would likely defend against sharp stock market declines.

However, at today's event, President Trump criticized 'globalists' rather than focusing on the stock market, claiming that "globalists who don't want the U.S. economy to prosper are shaking the market."

He said, "They have been exploiting the United States for years, and this can no longer continue," adding, "All countries and companies will eventually prosper, but we cannot allow a situation where the United States unilaterally suffers losses."

U.S. Commerce Secretary Howard Lutnick, who attended the event, also emphasized in an interview with CNBC, "The president's focus is on the growth and prosperity of the United States," adding, "Whether the stock market falls or rises by 0.5% or 1% is not an important factor in policy decisions."

Secretary Lutnick predicted, "The president is focused on rebuilding the U.S. economy, and as a result, interest rates will fall by more than 1%, and the stock market will surge again."

Reporter Lee So-hyun y2eonlee@hankyung.com