Trump tells investors to buy low: ‘This is a great time to get rich’
Apr 04, 2025
(The Hill) -- President Donald Trump on Friday called on investors to buy low as markets plunge in response to an escalating trade war that intensified Thursday, one day after he imposed massive tariffs on much of the world.
Markets fell on the news, but Trump said that represented an opportunity
for people on Friday.
“TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE. THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!” Trump said on Truth Social.
Markets are expected to fall further on Friday after China announced it would retaliate against Trump's tariffs.
The president's call to investors comes as Dow Jones Industrial Average futures dipped more than 1,000 points, indicating the Dow will open around 1,500 points lower after a nearly 1,700 point decline on Thursday.
Trump and White House officials also took a victory lap over a jobs report that exceeded economists' expectations, with the president arguing it was a sign of his agenda yielding results.
"Great job numbers, far better than expected. It's already working. Hang tough, we can't lose!!!" Trump said on Truth Social.
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Press secretary Karoline Leavitt said in a statement that the economy "is starting to roar."
“The President's push to onshore jobs here in the United States is working," Leavitt said.
The U.S. economy added 228,000 jobs in March, and the unemployment rate stayed roughly even at 4.2 percent, according to data released Friday by the Labor Department.
Economists had expected the report should show 135,000 new jobs and an unemployment rate of 4.1 percent, according to consensus estimates. The report also showed a decline in government employment of just 40,000 jobs, far fewer than the over 216,000 federal job cuts tracked by Challenger, Christmas and Gray in March.
But those numbers were collected well before Trump's latest round of tariffs were imposed.
The White House has defended the tariff plan since the announcement on Wednesday, calling on Wall Street to trust that the plan will be a success.
The president on Thursday told reporters he thought “the markets are going to boom, the stock is going to boom” from his tariffs.
The president’s steep tariff policy will impose a 10 percent tariff on all imports and higher reciprocal tariffs on countries the White House says have unfair trade practices, ranging from 20 percent on the European Union and a total of 54 percent on China. ...read more read less