President Donald Trump issued a bold message to Americans on Monday amid widespread fear and panic regarding the potential for an economic recession caused by the administration’s new tariffs. Trump warned Americans to be “strong, courageous, and patient” and to not be a “PANICAN” over the current state of the economy.
In a Monday morning statement on Truth Social, Trump wrote, “The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
Earlier on Monday, Trump called on the Federal Reserve to cut interest rates and claimed that food prices are down, interest rates are down, and there is “NO INFLATION.” “The long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” Trump said.
“This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate,” Trump added. “They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past ‘leaders’ are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!”
READ MORE: Videos: China retaliates with major tariffs after Trump unveils ‘Liberation Day’ tariffs
According to The New York Post, Trump’s optimistic posts on Truth Social were unable to prevent the stock market from continuing to plummet on Monday. The outlet noted that both the S&P 500 and the Dow Jones Industrial Average dropped over 2% in the first 30 minutes of the market’s opening on Monday. The New York Post also reported that the Nasdaq had dropped by 1.65% by 10 a.m.
The Associated Press reported that a false report that the 47th president was planning to implement a 90-day pause of the administration’s tariffs circulated on Monday morning, leading to a short boost in the stock market that was quickly defused after the Trump administration confirmed that the report was not true.
The Trump administration’s Rapid Response 47 shared a video of a CNBC reporter who confirmed that White House Press Secretary Karoline Leavitt described the tariff pause report as “fake news.”
