Donald Trump says US made a "big step back" after midterms
Trump called the November 3 midterm outcome a historic setback and pointed to a $3 trillion one‑day market loss.
President Donald Trump said on November 8, 2026 that the United States had taken "a big step back in history" after the results of the recent midterm elections, and warned supporters that he intends to return. He also pointed to market turmoil, saying the stock market — which he described during his term as a "rocket" — suffered a one-day loss of three trillion dollars.
Trump's reaction and the electoral math
Trump posted the message on his social platform Truth Social: "But don't be afraid, we will come back bigger and stronger than ever." He framed the Democratic victories as a reversal of his political momentum.
The midterm elections held on November 3, 2026 gave Democrats a majority in both chambers of the United States Congress. Democrats won 241 seats in the House of Representatives, while Republicans took 162.
In the Senate, Democrats finished with 54 seats versus 44 for Republicans. For control of the Senate a party needs 51 seats; for control of the House of Representatives a party needs 218 seats.
At the gubernatorial level, Democratic candidates prevailed in 28 states while Republican candidates won 20. Compared with the previous cycle, Democrats gained four governorships and Republicans lost four.
Photo: press material from the event
