India, April 4 -- US President Donald Trump offered a rosy assessment of the aftermath of his sweeping tariff announcement, even as the stock market dropped sharply on Thursday over the move.

The Dow Jones Industrial Average dropped more than 1,600 points a day after Trump announced the measures. The US stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

"The markets are going to boom, the stock is going to boom, the country is going to boom," the Associated Press quoted Trump as saying when asked about the market.

The 78-year-old made the remarks as he left the White House to fly to one of his Florida golf clubs. ...