Donald Trump, the U.S. president's side, took action on the 10th (local time) regarding the sharp decline of the New York Stock Exchange, saying, "There is nothing unusual about this." A day earlier, after President Trump announced a 90-day reciprocal tariff suspension, the stock market saw a record surge, but it reacted to the subsequent day's increased decline.
Scott Bassett, the U.S. Minister of the Treasury, stated at the Cabinet meeting at the White House that "today’s inflation figures were good, and oil prices have also fallen. The bond market was successful as well," adding, "There is nothing unusual today."
He expressed confidence about the outlook for reciprocal tariff negotiations with various countries, stating, "These countries will bring us their best offers," and added, "We will be in a very solid position within the next 90 days."
In response to a question about the stock market situation turning sharply downwards, President Trump said, "I didn’t see it as I was in a meeting for two and a half hours," avoiding direct mention. He had previously expressed strong satisfaction regarding the stock market rebound, calling it "a record day."
Meanwhile, Peter Navarro, the White House trade advisor known as Trump’s "tariff mastermind," said in a CNN interview that afternoon, "We experienced the largest increase in history yesterday," noting, "Of course, some pullback is to be expected. It’s a normal correction after a big day."
He asserted that "it’s nothing special," indicating that there is no need to overreact to market responses.