Trump digs in on tariffs as global stock markets go into freefall
Al Jazeera
US president likens tariffs to ‘medicine’ as panicked investors extend massive sell-off.
United States President Donald Trump has brushed off the market turmoil caused by his sweeping tariffs, likening the measures to “medicine” as panicked investors continued a massive sell-off of global stocks.
“I don’t want anything to go down but, sometimes, you have to take medicine to fix something,” Trump told reporters on board Air Force One on Sunday.
“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen. They took our businesses, they took our money, they took our jobs.”
Digging in on his so-called “reciprocal tariffs”, Trump said he would not back down unless other countries balanced their trade with the US.
The US president said he had spoken with many foreign leaders over the weekend who were “dying to make a deal”.
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