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.
The U.S. Treasury has announced new sanctions against Iran just days before direct nuclear talks are expected to begin, as President Donald Trump warns Tehran of “great danger” if negotiations fail.
The European Union will begin imposing retaliatory tariffs on U.S. goods next week in response to President Donald Trump’s sweeping steel and aluminium tariffs, escalating a growing transatlantic trade war.
The European Union will begin imposing retaliatory tariffs on U.S. products next week in response to President Donald Trump's sweeping trade measures, joining other global powers in escalating a trade conflict.
German conservative leader Friedrich Merz has secured a coalition deal with the centre-left SPD, just as U.S. tariffs under President Trump increase the risk of a global recession.
Iranian President Masoud Pezeshkian said on Wednesday that Iran welcomes American investment but will strongly oppose any efforts at regime change or foreign interference.
On Wednesday, U.S. President Donald Trump announced a 90-day pause in fully implementing his new tariffs for certain countries. During this period, the White House clarified that a universal tariff rate of 10% will be applied, providing space for ongoing negotiations.
On a landmark visit to Rome, King Charles emphasized the enduring bond between Britain and Italy, calling for unity and peace amid ongoing conflict in Europe.
The death toll from the collapse of a popular nightclub in Santo Domingo has risen to 124, as desperate families continue to wait for news and rescue workers race against time to search for survivors.
The U.S. Treasury has announced new sanctions against Iran just days before direct nuclear talks are expected to begin, as President Donald Trump warns Tehran of “great danger” if negotiations fail.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
The death toll from the catastrophic roof collapse at a nightclub in Santo Domingo has risen to 98, with more than 160 people injured, according to Dominican authorities.
On Wednesday, U.S. President Donald Trump announced a 90-day pause in fully implementing his new tariffs for certain countries. During this period, the White House clarified that a universal tariff rate of 10% will be applied, providing space for ongoing negotiations.
On a landmark visit to Rome, King Charles emphasized the enduring bond between Britain and Italy, calling for unity and peace amid ongoing conflict in Europe.
The death toll from the collapse of a popular nightclub in Santo Domingo has risen to 124, as desperate families continue to wait for news and rescue workers race against time to search for survivors.
The U.S. Treasury has announced new sanctions against Iran just days before direct nuclear talks are expected to begin, as President Donald Trump warns Tehran of “great danger” if negotiations fail.
On Wednesday, U.S. President Donald Trump announced a 90-day pause in fully implementing his new tariffs for certain countries. During this period, the White House clarified that a universal tariff rate of 10% will be applied, providing space for ongoing negotiations.
On a landmark visit to Rome, King Charles emphasized the enduring bond between Britain and Italy, calling for unity and peace amid ongoing conflict in Europe.
The death toll from the collapse of a popular nightclub in Santo Domingo has risen to 124, as desperate families continue to wait for news and rescue workers race against time to search for survivors.
The U.S. Treasury has announced new sanctions against Iran just days before direct nuclear talks are expected to begin, as President Donald Trump warns Tehran of “great danger” if negotiations fail.
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