US President Donald Trump defended his recent tariff measures, describing them as a form of “medicine” necessary to remedy the nation's trade deficits with several key partners.
While aboard Air Force One en route from Florida to Washington, DC, Trump acknowledged that although market declines are undesirable, sometimes corrective actions—much like taking medicine—are required to fix underlying issues.
“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump remarked, emphasizing that his tariff policy was not intended to deliberately trigger a market sell-off. Instead, he argued that the tariffs are a strategic tool to strengthen the American economy. “What's going to happen with the market? I can't tell you. But I can tell you our country has gotten a lot stronger, and eventually it'll be a country like no other. It'll be the most dominant country economically in the world,” he stated.
Trump further criticized previous leadership for allowing the trade imbalances to worsen, claiming that past administrations had mishandled foreign trade relations. “We have been treated so badly by other countries because we had a stupid leadership that allowed this to happen. They took our businesses, they took our money, they took our jobs, they moved it to Mexico, they moved it to Canada, they moved a lot of it to China, and it's not sustainable,” he said, contrasting his approach with that of former President Joe Biden's administration.
He stressed his commitment to resolving trade deficits with major economic powers, including China and the European Union. During discussions with global leaders over the weekend, Trump made it clear that his tariff strategy was aimed at eliminating deficits, which he equated to economic losses.
In a post on his Truth Social platform, Trump reiterated his stance: “We have massive financial deficits with China, the European Union, and many others. The only way this problem can be cured is with tariffs, which are now bringing tens of billions of dollars into the USA. They are already in effect, and a beautiful thing to behold.” He added that the current surplus with these countries had grown under what he derisively referred to as the ‘Presidency’ of “sleepy Joe Biden,” promising swift reversals to these trends.
Trump’s remarks underline his administration’s determination to use tariffs as a lever to rebalance trade and assert American economic strength amid ongoing market volatility.
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
A sweeping travel ban ordered by U.S. President Donald Trump will go into effect early Monday, barring entry to citizens from 12 countries and imposing partial restrictions on travelers from seven others. The move, set to begin at 12:01 a.m. ET, has drawn strong reactions both at home and abroad.
A coalition of democracy and human rights groups has filed a lawsuit against the US State Department over its agreement with El Salvador to house migrants in the country's prison system, calling it unconstitutional and illegal.
This edition of Newshour explores the roots and ripple effects of President Trump’s clash with Elon Musk. AnewZ correspondent Oubai Shahbandar joins the program to unpack the political and economic stakes, while residents of Oakland, California share how the dispute resonates on the ground.
Iran on Saturday strongly criticised U.S. President Donald Trump's recently announced travel ban, calling it a demonstration of "deep hostility" towards Iranians and Muslims and a violation of international law.
Cristiano Ronaldo led Portugal to their second UEFA Nations League title in dramatic fashion on Sunday, scoring a crucial equaliser and watching from the sidelines as his side triumphed 5-3 on penalties against Spain after a pulsating 2-2 draw in Munich.
A year after unveiling its bold AI strategy, Apple finds itself in an unexpected place — not at the forefront, but falling behind. As rivals accelerate, Apple stands at a crossroads.
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Ukraine says a new prisoner exchange with Russia involving 1,000 troops from each side will begin next week.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
Cristiano Ronaldo led Portugal to their second UEFA Nations League title in dramatic fashion on Sunday, scoring a crucial equaliser and watching from the sidelines as his side triumphed 5-3 on penalties against Spain after a pulsating 2-2 draw in Munich.
A year after unveiling its bold AI strategy, Apple finds itself in an unexpected place — not at the forefront, but falling behind. As rivals accelerate, Apple stands at a crossroads.
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Ukraine says a new prisoner exchange with Russia involving 1,000 troops from each side will begin next week.
Cristiano Ronaldo led Portugal to their second UEFA Nations League title in dramatic fashion on Sunday, scoring a crucial equaliser and watching from the sidelines as his side triumphed 5-3 on penalties against Spain after a pulsating 2-2 draw in Munich.
A year after unveiling its bold AI strategy, Apple finds itself in an unexpected place — not at the forefront, but falling behind. As rivals accelerate, Apple stands at a crossroads.
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Ukraine says a new prisoner exchange with Russia involving 1,000 troops from each side will begin next week.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment