Donald Trump admits Republicans’ setback after the elections and promises a comeback “stronger than ever”

United States President Donald Trump acknowledged that the result of the midterm legislative elections represents “a huge step backward” for America. In a message posted on Truth Social, however, he promised that the Republican Party would return “bigger and stronger than ever before.”

The November 3 elections led to the loss of the Republican majority in both the House of Representatives and the Senate. Democrats won races in seven states where Republicans held Senate seats: Texas, Kansas, Iowa, Ohio, North Carolina, South Carolina, and Maine. The first two states were considered Republican strongholds.

Trump also linked the election result to developments in the financial markets, stating that the U.S. stock market lost 3 trillion dollars in a single day. The Nasdaq index fell by 5.52%, its sharpest drop since April 2025. Shares of companies in the artificial intelligence sector were heavily affected: Nvidia lost 8.91%, AMD 17.39%, and Micron 17.17%.

The declines extended into Asia on Friday. The Nikkei fell by 5.96%, the Kospi by 6.02%, while shares of Samsung Electronics and SK hynix lost nearly 10% and more than 11%, respectively.