(TheConservativeTimes.org) – Refusing to let Wall Street dictate American trade policy, President Donald Trump is standing firm against globalists who caused the stock market to decline.
Market indices have lost all gains since his November 2024 election victory as foreign entities and corporations push back against his America First agenda.
“I think it’s globalists that see how rich our country’s going to be, and they don’t like it,” President Trump said.
Still, he remains focused on reclaiming economic independence for American workers rather than catering to international financial interests.
The S&P 500 index has dropped to 5,734 from its election day close of 5,783 and is down 7% from its February 2025 peak as market uncertainty grows over the administration’s new tariff policies.
Major stock indices experienced a sharp decline with investors reportedly unsettled by President Trump’s trade decisions, which include 25% tariffs on Mexico and Canada and an additional 10% on China.
The president dismissed concerns about market performance during a press engagement.
He stated he is “not even looking at the market because long term, the United States will be very strong with what’s happening here.”
The president rejected suggestions that his temporary tariff exemptions for Canada and Mexico were related to stock volatility.
President Trump placed the blame squarely on global financial interests that have profited at America’s expense for decades.
“Well, a lot of them are globalist countries and companies that won’t be doing as well. Because we’re taking back things that have been taken from us many years ago,” he explained.
The president further emphasized that America has been treated unfairly on the global stage for too long.
His administration plans to announce reciprocal tariffs on Europe and other countries on April 2, continuing his commitment to fair trade practices that benefit American workers and businesses first.
“We’ve been treated very unfairly as a country. We protect everybody. We do everything for all these countries, and a lot of these are globalist in nature,” President Trump said.
He also highlighted the decades-long imbalance in international relationships, which has seen the United States carry financial and security burdens while receiving little in return.
President Trump acknowledged that his policies might cause some short-term market disruption but emphasized these temporary pains are necessary for long-term American prosperity.
He characterized market fluctuations as a “little disturbance” that is worth enduring for the greater economic good of the nation.
Financial analysts with ties to international corporations have been quick to criticize the Trump administration’s trade policies, claiming they will lead to economic harm.
However, supporters point out that similar warnings were made during President Trump’s first term, which eventually led to a booming pre-pandemic economy and record employment numbers for American workers.
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