Deputy Press Secretary Harrison Fields told Newsmax on Friday that President Donald Trump’s economic policies will soon lower prices despite “a bad day” for the stock market this week following his tariffs announcement.
The major U.S. indexes dropped by more than 3% during morning trading on Friday, the day after Trump announced wide-ranging tariffs on imports to the U.S., which was met with a 34% tariff on all U.S. imports to China, causing the Dow Jones Industrial Average to fall by more than 1,400 points and the Nasdaq to drop by 4.6%.
When asked on Newsmax’s “Wake Up America” when Americans will start to see improvement in the economy, Fields said, “You’re going to see it when you bring the corporate income tax down, you’re going to see it when Americans are having more money in their pockets when we renew the Trump tax cuts, and you’re going to continue to see it at the gas pump.”
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