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The president of the United States, Donald Trump, speaks at the Oval office, the day he signs executive orders, in the White House in Washington, DC, on March 6, 2025.
Evelyn Hockstein | Reuters
Main stock The indices fell sharply this week, while shooking Investors Fought to handle the president Donald Trumpis swept and changing tariff Policies.
But when asked in the Oval office on Thursday if it thought it was his tariffs that scared the markets, Trump set the fault elsewhere.
“Well, many of them are globalist countries and companies that will not do it so well,” Trump replied, “because we are recovering things that have been taken many years ago.”
Trump did not explain what those things were.
“We have been treated very unfairly as a country,” he continued. “We protect everyone. We do everything for all these countries, and many of these are of a globalist nature.”
It was not clear what was of a globalist nature, but NBC reported Thursday that the Trump administration is considering how to interact with NATO allies.
Later in the same press event, Trump again blamed “globalists” for the recession of the market. “I think it is the globalists who see how rich our country will be, and they don’t like it.”
In the course of an hour, Trump used “globalist” to describe people, companies and countries, which makes it difficult to specifically specify what he was talking about.
But during his first term, Trump repeatedly He denounced a set of ideas he called “Globalism“And he labeled some of his” globalist “political opponents, while pushing his nationalist and isolationist worldview.
The word has attracted the condemnation of critics who say it is linked to Anti -Semitic conspiracy theories About the Jewish people.
According to the American Jewish committee, the term “globalist” is used today as “a word encoded for Jews who are seen as international elites that conspire to weaken or dismantle the ‘western’ society using its international connections and control over large corporations.”
It was unusual for Trump to use the term “globalist” as a trap for what he, according to him, was promoting the daily movements of the stock market.
The White House did not respond immediately when an additional context was requested on the invocation of the term by Trump’s invocation.
Oval office comments arrived as Trump, only two days after imposing 25% tariffs on Canada and Mexico, they issued temporary exemptions for many goods that arrive in the United States from the two neighboring countries.
He denied that these pauses came in response to the defeat of the market.
“Nothing to do with the market,” he said, added: “I am not even looking at the market.”
Even when Trump seemed to reject the idea that his tariffs stimulated a sales sale once again recognized that these tasks could at least briefly Roil markets.
“There will always be a small short -term interruption,” he said. “I don’t think it’s great, but countries and companies that have been destroying us are not particularly happy with what I am doing.”
“Again, there will be interruption,” he added.