President Trump blamed stock market turbulence on his predecessor, President Biden, despite the market's recent struggles being linked to Trump's tariff policy. Trump insisted that the market downturn was not due to tariffs and predicted a future economic boom. However, the stock market continued to struggle, with the Dow Jones Industrial Average opening with losses after Trump's comments on Truth Social. Trump's tariff policy has injected uncertainty into the market, with no deals made with trading partners yet. Despite concerns about rising consumer prices, Trump defended his tariff policy, claiming it was what he campaigned on.
Source: https://thehill.com/homenews/administration/5274695-trump-biden-stock-market-tariffs/