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.
Britain’s King Charles and U.S. President Donald Trump celebrated the enduring “special relationship” between their countries during a state ban...
EU Enlargement Commissioner Marta Kos has set off today for a three-day visit to Azerbaijan and Armenia. The trip comes at a pivotal moment for EU eng...
Five police officers have been shot in the U.S. state of Pennsylvania, with three reported to be in grave condition and another in critical care....
Syria’s President Ahmed al-Sharaa said ongoing negotiations with Israel over a security pact could produce results “in the coming days.”...
Polish Prime Minister Donald Tusk said on Wednesday that Russia bears responsibility for damage to a house in the village of Wyryki in eastern Poland....
Britain’s King Charles and U.S. President Donald Trump celebrated the enduring “special relationship” between their countries during a state banquet at Windsor Castle on Wednesday.
President Donald Trump has paid his respect to the Late Queen Elizabeth by laying a wreath on her tomb.
On Wednesday, the European Commission proposed suspending free-trade arrangements on Israeli goods due to the ongoing Gaza conflict. This move is part of the EU's efforts to address the war's humanitarian and political impacts, but it lacks sufficient support from EU member states to pass.
Moscow said it was ready to deepen discussions with the U.S. on energy cooperation, including on the Sakhalin 1 project, RIA reported on Wednesday citing Russian Deputy Foreign Minister Sergei Ryabkov.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Chinese President Xi Jinping and U.S. President Donald Trump are expected to attend the Asia-Pacific Economic Cooperation (APEC) summit next month in South Korea.
Saudi Arabia and Pakistan have formalised a mutual defence agreement, reinforcing a decades-long security partnership, Pakistani state television reported on Wednesday.
Britain’s King Charles and U.S. President Donald Trump celebrated the enduring “special relationship” between their countries during a state banquet at Windsor Castle on Wednesday.
Five police officers have been shot in the U.S. state of Pennsylvania, with three reported to be in grave condition and another in critical care.
Syria’s President Ahmed al-Sharaa said ongoing negotiations with Israel over a security pact could produce results “in the coming days.”
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment