Sean Hannity went after the U.S. stock market on Thursday for not falling in line with Donald Trump’s train of thought after the president’s all-out trade war led to wooziness on Wall Street this week.
“And, you know, the fact that the markets don’t understand that Donald Trump is in the middle of a negotiation here is kind of hard to comprehend,” Hannity said on his radio show.
He continued, “They have no curiosity about what the thinking of Donald Trump is in this. The thinking is to get them to the table and to either choose free or fair trade or reciprocal tariffs. And that’s what it is.”
The conservative host’s comments, highlighted by Media Matters for America, arrived two days after he told listeners that the market “is always skittish,” adding that it’s not his “biggest indicator of the state of the economy.” He downplayed the plunges and dips to stocks in recent days.
“This is the economy that Donald Trump inherited that every American is still living under. He’s not — it takes more than a day to get his economic policies in place,” said Hannity, who claimed that Americans are living “under the Biden-Harris economy” on his radio show Tuesday.
On Thursday, the S&P 500 dropped over 10%, just three weeks after reaching record highs last month.
The fall comes amid economic uncertainty sparked by Trump’s on-again, off-again tariffs along with a federal agency-slashing blitz backed by billionaire Elon Musk.
As recession fears loom, right-wing media outlets and conservative talking heads have largely ignored the market plunges, treaded lightly on criticizing Trump’s tariffs, made a positive spin of the dips and declared that the president knows “what’s best” for America.
On Tuesday, Trump — while standing next to the world’s wealthiest man — brushed off the possibility that the U.S. may face a recession.
“I don’t see it at all. I think this country’s going to boom,” said the president, who has previously talked of a “period of transition” when asked about whether he expects a recession.
“But as I said, I can do it the easy way or the hard way. The hard way to do it is exactly what I’m doing, but the results are going to be 20 times greater.”
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