On Truth Social, President Donald Trump attempted to defend his tariff policy — which economic experts agree will raise prices for consumers and increase the risk of a recession — by amplifying a TikTok video arguing that he “is purposely crashing the market.” The video echoes claims from a post on 4chan that gained traction on the far right.

On April 4, as international financial markets continued roiling in response to the launch of his global trade war on April 2, Trump amplified a video on his social media platform Truth Social from a right-wing account that contended that “Trump is crashing the stock market by 20% this month, but he’s doing it on purpose” as part of a grand strategy to lower interest rates, weaken the dollar, and bring down prices.

The TikTok video — which was uploaded on March 15, a few days after a post on 4chan’s far-right “/pol/” message board — claimed that Trump's current tariff and economic policies were part of a “secret game” to “make you rich” and “lower the cost of everything” by “trying to crash the stock market.” The 4chan post gained traction throughout the far right on multiple platforms, and the TikTok video has since earned at least 2.3 million views.

The video amplified by Trump — the thumbnail of which shows language similar to the start of the 4chan post — echoes both claims and language of the 4chan post, including that Trump is trying to “push cash into Treasuries,” forcing the Federal Reserve to “slash interest rates” and “finance trillions of debt inexpensively.” Like the 4chan post, the video also claims tariffs would cause companies to “build here to dodge them” and farmers will “sell more of their products here in the U.S. to bring grocery prices way down.” It then invokes a claim that “94% of all stocks are owned only by 8% of Americans,” and that Trump is “taking from the rich short-term and handing it to the middle class through lower prices” — language very nearly matching that of the 4chan post.

The video also contains the false claim that billionaire investor Warren Buffet said that “Trump is making the best economic moves he’s seen in over 50 years.”

In reality, economic experts are “ringing alarm bells as they digest the impact of the wide-ranging tariffs, which they forecast will accelerate inflation and dampen U.S. economic growth,” and raise the risk of launching the American economy into a recession.

Additionally, even if the claims in the video were to be taken at face value, not all of the things the video claims Trump is doing would necessarily indicate a healthy American economy, including a weaker U.S. dollar, lower Federal Reserve interest rates, and lower mortgage rates.