Trump expects market prosperity despite the sharp decline in American stock indices.

President Donald Trump expressed confidence that the U.S. economy and stocks "will thrive" in his first comment on the global markets downturn following his administration's decision to impose new tariffs on imports.

This came during his remarks to reporters as he left the White House heading to Florida on Thursday, April 3, in response to questions about the significant drop in Wall Street and global markets.

U.S. indices saw a sharp decline during Thursday's session, with the S&P 500 falling by 4.8%, marking its worst performance since September 2022, while the Dow Jones Industrial Average dropped by about 1679 points (4%), its biggest loss since June 2020. The Nasdaq Composite Index also fell by 6%, its largest decline since March 2020.

This decline followed Trump's announcement on Wednesday of imposing comprehensive tariffs on 180 countries at a minimum of 10%.

In subsequent statements, the U.S. President expressed willingness to negotiate on these tariffs, indicating that he may retract them if other countries offer exceptional deals. Trump affirmed that "the process is over," considering the United Kingdom "happy" with the new customs deals.

Trump mentioned considering a potential deal involving the sale of the Chinese TikTok app in the United States in exchange for reducing some tariffs, saying: "We are close to a TikTok deal involving many investors."