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Trump Maintains Tough Stance on Tariffs Amid Market Turmoil
President Trump remains committed to tariffs, stating he won’t make a deal with China until the trade deficit is resolved. Despite a $60 trillion market hit, he insists on fair trade.
ND
by News Desk
2025-04-07
Trump Maintains Tough Stance on Tariffs Amid Market Turmoil

US President Donald Trump has reaffirmed his commitment to tariffs as a tool to address trade imbalances, particularly with China. Speaking about the recent turmoil in global stock markets, Trump stated that sometimes economic pain is necessary, likening the situation to "taking medicine." He emphasized that no trade deal will be made until the trade deficit with China is resolved.

Trump criticized China’s trade surplus as unsustainable and confirmed that he has been in discussions with European and Asian leaders regarding tariffs. His remarks come after the recent imposition of retaliatory tariffs on several countries, including China, leading to significant market consequences.

In the wake of these tariffs, US stock markets suffered a staggering $60 trillion loss in just two days, reflecting investor anxiety and instability. The International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the tariffs pose a significant threat to the global economy, especially during a period of slow economic growth.

Despite these warnings, US Central Bank Chairman Jerome Powell has resisted calls to cut interest rates, citing concerns over rising prices and a potential slowdown in economic growth. Meanwhile, China has reciprocated the tariffs, imposing a 34% tariff on American imports in response to Trump’s 54% tariff on Chinese goods.

As the trade war continues, global financial markets remain on edge, and the long-term implications of these tariffs remain uncertain. Trump’s firm stance on tariffs signals that the US will continue to prioritize reducing its trade deficit, even at the cost of market volatility.
Tagged:

China

Donald trump

StockMarket

Tariffs

tradedeficit

GlobalEconomy
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