Donald Trump Says Markets Will Heal, Pushes Ahead With Tariffs
Despite the global market crash, former U.S. President Donald Trump defended his decision to continue with tariffs. He said tough steps are needed to fix long-term problems caused by unfair trade deals.
12:02 PM Apr 07, 2025 IST
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Aakash Khuman
US President Donald Trump waves as he walks on the South Lawn upon arrival at the White House on April 6, 2025, in Washington. (AP)
Former U.S. President Donald Trump has responded to the recent crash in U.S. and global markets. Speaking to reporters on Air Force One, he said, “Sometimes you have to take medicine to fix something.” Trump added that although he can't predict what will happen to the stock markets, he believes the U.S. is still strong.
Also Read: Black Monday! Tariff war creates panic in global market, Indian stock market crashes
Donald Trump Blames Past Leadership and Trade Partners
Trump said that other countries have treated the U.S. unfairly because of weak past leadership. He blamed the Joe Biden-led administration, calling it “stupid leadership” that allowed bad trade deals to happen.
Tariffs Trigger Market Panic
Trump's announcement of high tariffs on several countries, including 34% on China, caused a sharp fall in the global financial markets. Nearly $6 trillion was wiped off from American stocks, but Trump seems unbothered and determined to go ahead with his tariff plan.
“They Want to Make a Deal,” Says Trump
Trump mentioned that over the weekend, he spoke with many world leaders who are now eager to strike trade deals with the U.S. due to the tariff pressure.
Officials Back Trump’s Tough Stance
Top U.S. officials also supported Trump’s tariff move. Commerce Secretary Howard Lutnick said the tariffs are definitely coming. Treasury Secretary Scott Bessent added that over 50 countries have contacted them, but fixing years of unfair trade practices will take time.
Also Read: GIFT Nifty Crashes 900 Points as Global Markets Panic Over Trade War
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