Trump Praises Impact of Tariffs After Dow, Nasdaq Futures Dive: ‘A Beautiful Thing to Behold’

AP Photo/Evan Vucci

President Donald Trump on Sunday said the impact of his tariffs is coming in now and is a “beautiful thing to behold,” even as Dow futures dropped 1,500 points on Sunday and investor fears of another crater impact on Monday grow.

Resistance to the slew of tariffs unveiled by Trump against dozens of countries has continued over the weekend, and the stock market has been rocked with the uncertainty. On Sunday it was reported that Dow and S&P 500, and Nasdaq futures sank on fears of a continuing major sell-off in Monday trading.

Trump took to Truth Social in the evening to continue defending the move, something his surrogates did on the Sunday morning news shows, and said that the tariffs are “now” bringing billions into the country already.

“We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A.,” Trump wrote in his Truth Social post. “They are already in effect, and a beautiful thing to behold.”

“The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY,” Trump said. “Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!”

Trump supporters and surrogates on Sunday also defended the tariffs, sometimes in fairly odd ways, but weren’t entirely clear about whether or not there’s room to negotiate on the subject.