President Donald Trump‘s administration swatted down suggestions that his proposed “Liberation Day,” when sweeping tariffs will be unveiled on Wednesday, would lead to a depressed stock market and increased prices for the public.
“They’re not going to be wrong. It is going to work,” said White House press secretary Karoline Leavitt during a Tuesday press briefing.
“And the president has a brilliant team of advisers who have been studying these issues for decades, and we are focused on restoring the golden age of America,” Leavitt continued.
The uncertainty of Trump’s proposal of reciprocal tariffs on the nation’s trading partners and a flat 20% tariff rate has shaken the financial stock market.
On Monday, the S&P 500 and the Nasdaq Composite had their worst quarters since 2022, but
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