Hamza Adam 
President Donald Trump’s announcement of new tariffs sent Wall Street into a tailspin as investors panicked about the sharp new taxes on imports worldwide, which would curtail supply chains and raise prices. But to hear it from Trump loyalist Sen. Bernie Moreno (R-OH), Trump has created a great opportunity for Americans by sending stock prices low enough for millions more people to buy the dip.
“I would go out and buy stocks today,” said Moreno, a former car dealership and crypto technology tycoon worth tens of millions of dollars, in conversation with reporters.
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“Lots of opportunity, lots of companies that have great valuation,” he said, adding as an example, “There’s no reason that Apple stock should be down.”
Apple relies heavily on Chinese factories and supply chains to assemble its technology products.
The freshman senator’s comments, which come amid rising fears that Trump’s forcible effort to reshape worldwide markets could plunge the economy into a recession, earned some sharp criticism from commenters on social media.
“He says as the average American is watching their savings disappear,” wrote commentator and press communications expert Michael Starr Hopkins.
“Moreno is out here pulling a Lutnick,” wrote Wired reporter Jake Lahut, referencing Trump’s loose-lipped Commerce secretary whose constant controversial on-air defenses of the administration has led to even a number of people in Trump’s orbit getting frustrated with him.