Trump announced reciprocal tariffs on over 180 countries. The move sparked panic in the stock market.
President Donald Trump said on Sunday that while he doesn’t want the stock market to tank, the sweeping tariffs he announced last week are needed to fix America’s trade deficits with other countries.
« I don’t want anything to go down, but sometimes you have to take medicine to fix something », Trump told reporters on Sunday night.
« We have been treated so badly by other countries because we had stupid leadership that allowed this to happen », Trump continued.
On Wednesday, Trump announced reciprocal tariffs on 185 countries. The tariffs start at a baseline rate of 10% and affect a broad slate of the US’s foes and friends, including major allies in Europe and Asia.
