'It's just globalists': Trump ducks blame for stock market selloff amid tariffs
U.S. President Donald Trump reacts in the Oval Office, at the White House in Washington, D.C., U.S. March 6, 2025. REUTERS/Evelyn Hockstein

President Donald Trump blamed "globalists" for a stock market selloff that was first triggered when he revealed that he planned to go through with 25% tariffs on Canada and Mexico.

On Thursday, Trump was asked about a stock market plummet that kicked off Tuesday immediately following his remarks on tariffs.

"Mr. President, what are you making of the market selloff?" the president was asked during an Oval Office news conference.

"I think it's just globalists that see how rich our country is going to be, and they don't like it, you know," Trump replied dismissively. "It's a big market out there. But again, they've been ripping off this country for years and now, and they're going to do great. Everyone's going to do great."

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"But we can't let this continue to happen to America. Otherwise, we're not going to have a country any longer," he added.

Watch the video below from Newsmax.