Washington, D.C. – U.S. President Donald Trump stated on Friday that American stock markets are “stronger than ever” due to the tariffs he has implemented since returning to the White House earlier this year.
“The stock market is stronger than ever because of the tariffs,” Trump wrote on his platform, Truth Social.
The New York Stock Exchange has experienced volatility in the six months following the announcement of Trump’s tariffs in April. Despite fluctuations, the three major indices posted gains over this period:
- Dow Jones: up over 17%
- Nasdaq Composite: up 34%
- S&P 500: up 23%
Trump also highlighted in a separate post that the country is now “rich again, powerful, and secure, all thanks to the tariffs.”
However, many economists argue that the tariffs are harmful, counterproductive, and have increased prices, negatively impacting American consumers and businesses.
Supreme Court to Hear Tariff Case
Trump addressed the tariff issue ahead of the U.S. Supreme Court, calling it “the most important case ever” to reach the court.
The Supreme Court has scheduled arguments for November 5 to determine whether Trump legally used emergency powers to impose sweeping global tariffs.
In August, a federal appeals court ruled 7-4 that Trump exceeded his authority under the International Emergency Economic Powers Act (1977), which allows economic sanctions against “unusual and extraordinary” threats.
Several lower court decisions, including one from August 29 by the U.S. Court of Appeals for the Federal Circuit, concluded that Trump illegally overstepped Congress’s authority by imposing high tariffs on imports from multiple countries.
