Donald Trump Defends Tariff Plans Amid Market Crash: “Sometimes You Have to Take Medicine”

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.

Also Read: D-Street Weekly Outlook: Nifty Under Pressure, Sell-on-Rise Strategy Advised Amid Trade War Fears

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.”

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💼 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.

Also Read: Grim Outlook: Wall Street Biggies Turns on Trump as Tariff Shock Triggers Global Market Meltdown:

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.”

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🗣️ Officials Echo Tough Stance

Top members of Trump’s economic team supported the President’s stance:

Also Read: “He’s a Lunatic”: Massive ‘Hands Off’ Protests Erupt Against Trump Across US, Europe

• 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.”

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📉 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.

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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.

Tags:
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