President Donald Trump said the faltering stock market "is Biden’s Stock Market, not Trump’s" and that a downturn wasn't due to tariffs. Our graphic shows how the markets responded after Trump made various tariff announcements.

It felt much longer, but the U.S. stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

On Jan. 29, 2024, he took credit for the booming stock market, saying, "THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP." People are very much "Suuure, Jan" about it all. "Welcome to the upside down," one person said.