# Trump Calls Midterm Loss a Giant Step Back

> Trump claims US took 'giant step back in History' after Democrats win Congress.
- Title: Trump Calls Midterm Loss a Giant Step Back · The Rio Times
- Summary: Trump claims US took 'giant step back in History' after Democrats win Congress. Trump said US took a 'giant step back in History' with midterm election…
- Keywords: trump, democrats, congress, midterm elections, house of representatives, senate, election results, political leadership, trade policy, The Rio Times
- Source: The Rio Times — https://riotimesonline.com/trump-midterm-results-giant-step-back-in-history
- Author: Contributing Reporter
- Published: 2026-11-08T17:46:25+00:00
- Read time: 1 min
- Topics: trump, democrats, congress, midterm elections, house of representatives, senate, election results, political leadership, trade policy, news, world, politics
## Trump's statement
Trump called the midterm results a 'giant step back in History' on Sunday, 8 November 2026.

> America took a giant step back in History with the results of the last Election
## Election results
Democrats took control of both the House and Senate in the election on Tuesday, 3 November 2026.

> Democrats took control of both the House and the Senate in the election on 3 November 2026
## Market impact
The S&P 500 fell 4.4% on Thursday, 5 November 2026, two days after the vote.

> The S&P 500, an index of 500 large US companies, fell 4.4% on Thursday, 5 November 2026
## Trump's market claim
Trump said the stock market took a 'one day, 3 Trillion Dollar loss'.

> we will be back, BIGGER AND STRONGER THAN EVER BEFORE
## Congress transition
The new Congress takes office on 3 January 2027, after the election results are finalized.

> The newly elected members take office on 3 January 2027
## Policy implications
Latin American governments will now deal with a Congress no longer led by Trump's party.

> Latin American governments watching US tariffs, aid and sanctions will now deal with a congress that is no longer led by Trump's party
## Uncertainties
It is unclear how Trump plans to work with a Democratic Congress or what policies he will change.

> It is also unclear how he plans to work with a democratic congress
## Next steps
The newly elected Congress will write spending bills and vote on trade measures starting January 2027.

> The result changes who runs congress from january, and congress writes the spending bills and votes on many trade measures
## Key takeaway

Trump said US took a 'giant step back in History' with midterm election results as Democrats gained control of both Congress chambers.