Despite $6 trillion wiped off U.S. markets, Trump stands firm on aggressive tariffs, blames Biden-era policies and claims “the country is stronger.”
April 7, 2025: US President Donald Trump has brushed aside concerns about the plunging stock markets, asserting that his tariff strategy is essential to fixing long-standing trade imbalances — even if it means taking some painful short-term hits.
Speaking to reporters aboard Air Force One on his return from a golfing weekend in Florida, Trump said,
“Sometimes you have to take medicine to fix something.”
💼 Markets Rattle, Trump Stays Resolute
Trump’s proposed reciprocal tariffs, including a 34% duty on Chinese imports, have led to a global financial shake-up, with $6 trillion wiped off American stocks in recent days.
Despite the fallout, the President showed no intention of backing down, blaming past leadership for the current trade scenario:
“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen,” Trump said, targeting the Biden-era policies.
He further claimed that world leaders are desperate for negotiations, stating,
“They are dying to make a deal.”
🗣️ Officials Echo Tough Stance
Top members of Trump’s economic team supported the President’s stance:
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- Commerce Secretary Howard Lutnick told CBS, “The tariffs are coming. He wasn’t kidding.”
- Treasury Secretary Scott Bessent added that over 50 countries have reached out to the administration, but emphasized:
“After decades of bad behavior, this isn’t something we can fix overnight.”
📉 Investor Panic and Recession Fears
Markets have responded with sharp declines, and many analysts are warning of a possible recession if Trump doesn’t revise his tariff strategy.
However, the Trump administration has downplayed fears, insisting the US is in a stronger position to withstand the pressure than ever before.
“What’s going to happen to the markets, I can’t tell you. But our country is much stronger,” Trump reiterated.
As the global economy watches closely, Trump’s unwavering approach signals a new chapter of economic nationalism, one that could redefine global trade dynamics — or push the US closer to a financial precipice.
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Donald Trump, Trump tariffs, US markets crash, global economy, trade war, US-China trade, stock market turmoil, Trump 2025, Biden administration, recession fears, Air Force One, tariff policy, Howard Lutnick, Scott Bessent, economic crisis