U.S. President Donald Trump stated that the results of the midterm congressional elections, in which the Democratic Party gained control of both chambers, represented a serious step backward for the country. At the same time, the U.S. leader expressed confidence that his political movement would regain ground and emerge stronger.
Trump posted this statement on November 8, 2026, on the social media platform Truth Social.
“America has taken a huge step backward in its history following the results of the latest election,” the U.S. president wrote.
He also linked the Republicans’ defeat to the negative trend in the U.S. stock market.
According to Trump, the U.S. stock market—which had shown significant growth during his presidency—lost approximately $3 trillion in market capitalization in a single trading day.
However, the president did not specify the calculations on which this estimate is based. A direct cause-and-effect relationship between the election results and the drop in market capitalization he cited has not been independently confirmed.
“But don’t worry, we will be back and we will be even bigger and stronger than ever before,” Trump stated.
The U.S. midterm elections took place on November 3, 2026. As a result, the Democrats secured majorities in both the House of Representatives and the Senate, depriving the Republican Party of control over Congress.
According to Reuters, the Democrats secured victories in a number of states that traditionally supported the Republicans, including Texas. In the Senate, the party secured at least 54 seats, and in the House of Representatives, it gained a significant advantage over the previous composition.
The election results significantly alter the political landscape in Washington. Once the new Congress takes office in January 2027, the Trump administration will face the need to coordinate legislative initiatives with the Democratic majority.
Democrats will also gain expanded opportunities for congressional oversight of the president’s administration, including conducting investigations and holding hearings with executive branch officials.
Earlier, Trump acknowledged the election results and congratulated the Democrats on their victory, expressing a willingness to cooperate on issues that, in his view, serve the country’s interests. At the same time, the president emphasized that he intends to exercise his veto power over legislative initiatives with which he disagrees. The next U.S. presidential election is scheduled for November 2028.
