Donald Trump and his presidential administration has shaken stock markets around the world this week with its decision to impose import tariffs.

On Thursday, the technology-heavy Nasdaq recorded its biggest fall since the 2020 pandemic when the composite index plunged by 5.6 percent, according to Dagens Industri.

In total, it is estimated that 30,000 billion SEK in market capitalization has been destroyed.

China's retaliatory tariffs caused several stock markets to plummet on Friday, including the Stockholm Stock Exchange, which fell by over 3 percent.

JP Morgan's chief economist also warns that the tariffs risk dragging the entire world into a recession in 2025. The risk, which was previously assessed at 40 percent, was raised yesterday to 60 percent, according to Di.

President Trump, however, does not seem particularly concerned. In a post on his own Truth social platform, he takes the blade out of his mouth and thanks “the many investors who are coming to the United States and investing massive amounts of money.”

Then he makes an attempt to see the glass as half full rather than half empty.

"My policies will never change. This is a great time to get rich, richer than ever before!!!" he writes in his characteristic style with capital letters.

Trump: “We can’t lose”

Shortly afterwards, the president continues with a new post commenting on the latest job figures in the US. On Friday, it was clear that the number of people employed in the agricultural sector increased by 228,000 in March, more than the 140,000 that experts had predicted.

"Much better than expected. It's already working. Hang in there, we can't lose," Trump writes.

However, the market did not take excessive notice of the encouraging figures. According to Bloomberg, they are being overshadowed by fears of a trade war.

At the same time, unemployment rose from 4.1 to 4.2 percent.

The attack on China: “Panic”

Friday afternoon continues with Trump writing further on Truth social. In a new post, he comments on China's retaliatory tariffs of 34 percent on all American goods that were announced on Friday.

“They bet wrong, they panicked – the one thing they can’t afford to do!” Trump writes, again in capital letters.