Trump Firm On His Tariff Plans Despite Global Market Slump: ‘Sometimes You Have To Take Medicine’

Last Updated:April 07, 2025, 07:10 IST

Donald Trump's reciprocal tariffs came into effect on April 2, impacting the markets across the globe. He indicated that he is firm on his plans despite the market slump.

US President Donald Trump (AP Image)

Reacting to the fall in American as well as global markets due to tariffs, US President Donald Trump on Sunday (local time) said that “sometimes you have to take medicine to fix something", showing indications of no backtracking from his plans.

Trump rolled out his reciprocal tariffs on various countries on April 2, including 34% on China, 27% on India and 20% on the European Union. This sent the US and global financial markets into shock. As a result, nearly $6 trillion has been lost from the value of American stocks in the recent days.

Trump Weighs In On Global Market Fall

“I don’t want anything to go down, but sometimes you have to take medicine to fix something, and we have been treated so badly by other countries," Trump told reporters aboard Air Force One as he flew back to Washington after a weekend of golfing in Florida.

He further weighed in on the global financial markets turmoil and said, “What’s going to happen to the markets, I can’t tell you. But our country is much stronger."

He also slammed the previous Joe Biden administration, stating that the US was treated badly by other nations under his rule.

“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen! They took our businesses, our money, our jobs. Moved it to Mexico, Canada, to China! It’s not sustainable. We are not gonna do it," he said.

More to follow…

Washington D.C., United States of America (USA)

News world Trump Firm On His Tariff Plans Despite Global Market Slump: ‘Sometimes You Have To Take Medicine’