‘How’s it Going?!’ Fox’s Peter Doocy Confronts Trump About Markets Being ‘Way Down’ After Tariff Rollout

C-SPAN

President Donald Trump insisted that things were “going very well” with his sweeping tariffs after Fox’s Peter Doocy pointed out the brutal day for the stock market.

Trump on Wednesday announced the tariffs during a presentation in the White House Rose Garden. They include a 25% tariff on foreign-made vehicles and a slew of “reciprocal” tariffs with dozens of the United States’ trade partners. The ultimate goal is to bring industry back to America, but economic experts for months warned about the immediate impact the tariffs would have.

When Trump made his announcement, those effects were indeed immediate on the stock market. Countless stocks saw significant dips after the market closed, and things got even worse when it opened Thursday morning.

As he was leaving for a LIV Golf tournament Thursday, Trump took just a single question from Doocy before heading onto Marine One.

“The markets today are way down — the worst day in years — because of the tariffs,” Doocy said. “So, how’s it going?”

The president claimed things were going well.

“I think it’s going very well,” he said. “It was an operation, like when a patient gets operated on. It’s a big thing. I said this would exactly be the way it is. We have six or seven trillion dollars coming into our country, and we’ve never seen anything like it. The markets are gonna boom; the stock is gonna boom; the country is gonna boom; and the rest of the world wants to see is there any way they can make a deal. They’ve taken advantage of us for many, many years. For many years, we’ve been at the wrong side of the ball; and I’ll tell you what, I think it’s gonna be unbelievable.”