US President Donald Trump has blamed “globalists” for the recent market downturn, despite issuing temporary tariff exemptions for goods coming into the US from Canada and Mexico.
Trump’s comments came as major stock indexes have dropped sharply this week, with investors struggling to understand his trade policies. In a press event at the Oval Office, Trump shifted the blame for the market’s woes to “globalist countries and companies” that he claims are unfairly benefiting from deals with other nations.
However, critics argue that the term “globalist” is often used as a code word for Jews who are perceived as international elites. The American Jewish Committee has condemned the use of this term in relation to Trump’s comments.
Trump denied that his tariffs were causing the market downturn, saying they would only cause brief short-term disruptions. He claimed that countries and companies that benefit from trade deals with other nations are “ripping us off” and will be unhappy about his actions.
The comments have sparked confusion over what exactly Trump is referring to as “globalists,” which he used to describe people, companies, and countries during the press event.
Source: https://www.cnbc.com/2025/03/06/trump-blames-globalists-for-stock-market-sell-off.html