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DPA
1 min read
Wall Street faces a downturn, but the White House remains optimistic, pointing to major investment pledges from corporate leaders.
A White House spokesman on Monday said corporate bosses had responded to US President Donald Trump’s “America First” agenda, which is marked by tariffs and deregulation, by pledging “trillions in investment commitments.”
These commitments, he said, “will create thousands of new jobs,” as they have in the past.
Spokesman Kush Desai added that Trump had overseen historic growth in jobs, wages, and investment during his first term in office and said he would continue this progress in his second term.
Despite a period of relative stability, US stock markets have faced renewed pressure, with some sectors seeing significant declines.
Concerns are mounting over the economic impact of Trump’s trade policies, particularly in light of ongoing tariff disputes.
Technology stocks, which are highly sensitive to economic fluctuations, have been the hardest hit.
