President Trump Unaware of Market Downturn

During a cabinet meeting, United States President Donald Trump stated he was unaware of the day's significant market drop. "Well I haven't seen it because I've been here," Trump responded when questioned about his reaction to the market's performance.

Economic Officials Downplay Market Concerns

Treasury Secretary Scott Bessent attempted to mitigate concerns by highlighting positive economic indicators. "We had very good inflation numbers today. Oil is down ... I don't see anything unusual today," Bessent commented.

Market Reacts to Tariff Suspension Announcement

Earlier, the stock market experienced a sharp decline, nearly erasing the historic gains from the previous day. This volatility followed President Trump's announcement of a 90-day suspension on certain reciprocal duties. The Dow Jones plummeted 2,000 points, as investors worried that the increased tariffs on China could hinder economic growth, despite the temporary relief on some tariffs.