ST. LOUIS – Thursday was the stock market’s worst day in five years and the free fall continued Friday. 

President Trump’s tariff policy is creating chaos on wall street, but he remains confident in his plan.

“It was a sick patient. It went through an operation on Liberation Day. And it’s going to be — it’s gonna be a booming country,” Trump said.

Federal Reserve Chairman Jerome Powell said Friday that the new tariffs will likely lead to higher inflation and slower growth.

“It is now becoming clear that tariff increases will be significantly larger than expected, and the same is likely to be true of the economic effects,” Powell said.

Washington Democrats oppose the tariffs.

“What country would sign a free trade agreement with us after this?” said Senator Chris Coons.

The majority of republicans are extending their trust to Trump.

“It’s going to be good for Americans. We’re going to get American jobs again and I’m excited about this,” said Senator Rick Scott.

According to the latest analysis from the Yale Budget Lab, those making the least will be hurt the most by these tariffs. Food, clothing, energy and electronics will get more expensive.

The company is a seafood wholesaler distributor that sources fish from Japan, Mexico, Canada, Europe, Korea and the U.S.

“Well, it’ll make our job harder. There’s no doubt about it. I’m sure people will be a little bit more hesitant to pay a higher price,” Sakata said. 

St. Louis residents are weighing in on the matter as well.

“People that are near retirement, the last thing you want is a big market event to change your plans,” said Mike Disalvo, a St. Louis native and co-founder of Purpose Path Capital, a financial planning and wealth management firm.

Despite a positive jobs report Friday, the Dow, NASDAQ and the S&P 500 each dropped nearly 6%. The Dow and S&P 500 experienced their biggest losses since 2020.