Democratic Rep. Eric Swalwell is mocking President Donald Trump as stocks plummet on Tuesday following his decision to move ahead with tariffs on Mexico, Canada and China.
Concretely, Swalwell posted on his X account an image of the Dow Jones Industrial Average's performance over the past month, showing it has dropped by more than 4.5% since February 4. He then added Trump's signature at the end of the chart and pointed it in a downward motion, signaling stocks will likely continue dropping. "Trump slump," he captioned it.
Trump Slump pic.twitter.com/woCbU4BCup
— Rep. Eric Swalwell (@RepSwalwell) March 4, 2025
The comment comes as major indexes continue to fall on Tuesday, with the S&P 500 officially wiping out all gains accrued since Trump was declared the winner of the 2024 presidential election in November. Overall, $3.4 trillion in value have been erased from the stock market ever since, Bloomberg reported.
The outlet also quoted Treasury Secretary Scott Bessent, who has shrugged off concerns about the stock market. "Over the medium term, which is what we're focused on, it's a focus on Main Street. Wall Street's done great, Wall Street can continue to do fine, but we have a focus on small business and consumers," he said in an interview with Fox & Friends on Tuesday. "We're going to rebalance the economy."
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