President Donald Trump reacted on Thursday to ongoing global market turmoil in the wake of his sweeping tariffs targeting more than 180 countries around the world.

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A reporter asked Trump how he thinks things are going as U.S. markets continue plunging in response to his tariffs, which were announced on Wednesday.

“I think it’s going very well,” Trump replied. “It was an operation, like when a patient gets operated on and it’s a big thing. I said this would exactly be the way it is. We have six or seven trillion dollars coming into our country and we’ve never seen anything like it.”

He added: “The markets are going to boom, the stock is going to boom, the country’s going to boom. And the rest of the world wants to see, is there any way they can make a deal. They’ve taken advantage of us for many, many years. And many years we’ve been at the wrong side of the ball and I’ll tell you what, I think it’s going to be unbelievable.”

U.S. stock futures nosedived on Wednesday evening as Trump announced that he would slap at least a 10% “baseline” tariff on all imports.

He also singled out about 60 countries that would be hit with what he described as “discounted reciprocal tariffs” over their trade policies, which Trump believes are unfair.

By Thursday afternoon, Wall Street was on track for its worst day since 2022. As of 2:30 p.m. ET, the S&P 500 index had fallen 4.3%, while the Nasdaq had tumbled more than 5%.

This story is developing and will be updated as more information becomes available.