RECAP | U.S. stock market sees worst day since 2020 as Trumps trade war rattles global economy [Video]

20 hours ago

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A trader in his booth on the floor at the New York Stock Exchange after today’s closing bell. (Brendan McDermid/Reuters)
20 hours ago

Trump brushes off the stock market nightmare

Alexander Panetta

Trump walks to board Marine One at the White House for Florida on April 3, 2025. (Carlos Barria/Reuters)

On a day the stock markets tanked, Trump flashed a new gold card with his face on it: a U.S. permanent-residency card, available for $5 million, which Trump is working to create.

“For $5 million this could be yours,” he said, speaking to reporters on his way to Florida for the weekend. “The Trump card. Gold card.”

Asked about the U.S. market’s worst day in years, he said “it’s to be expected.”

Several times today, Trump used an analogy to downplay the bloodbath in markets: that of an operation.

In this analogy, the U.S. economy was diseased, suffering from a chronic balance-of-payments deficit …