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.
U.S. President Donald Trump has invited the leaders of Kazakhstan and Uzbekistan to attend the G20 summit set to be hosted in Miami next year....
The Iranian government has announced plans to build nuclear power plants using domestic industrial capacity in conjunction with Russia....
Uzbekistan is exploring potential cooperation with The Walt Disney Company on creative and tourism projects, including a long-term proposal to build a...
France’s government is moving to pass emergency legislation to keep the state operating into January after lawmakers failed to agree on a 2026 budge...
Australia’s most populous state has passed sweeping new gun control and anti-terror laws following a mass shooting at Bondi Beach, tightening firear...
U.S. President Donald Trump has invited the leaders of Kazakhstan and Uzbekistan to attend the G20 summit set to be hosted in Miami next year.
The U.S. Supreme Court blocked Donald Trump's attempt to send National Guard troops to the Chicago area, amid concerns that the Republican president is using the military in Democratic-led regions to punish opponents and suppress dissent on Tuesday.
As the year comes to a close, questions remain about the sustainability of European Union support for Ukraine. Political analyst Orkhan Nabiyev, speaking to AnewZ from Baku, expressed confidence that EU backing will hold firm into 2026.
U.S. President Donald Trump has criticised the release of photographs linking former President Bill Clinton to the late convicted sex offender Jeffrey Epstein, calling the move a political distraction by Democrats.
Vince Zampella, co-creator of the Call of Duty gaming franchise, has died in a car crash involving a Ferrari crash on Monday in Los Angeles, United States.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
U.S. President Donald Trump has approved plans to construct a new class of battleships, which he described as larger, faster and significantly more powerful than any previous U.S. warship.
As the European Commission warns of possible visa suspension, Georgian authorities reject accusations of democratic backsliding. What is really at stake — and who could be affected most?
France’s government is moving to pass emergency legislation to keep the state operating into January after lawmakers failed to agree on a 2026 budget, as pressure grows from investors and credit ratings agencies.
Australia’s most populous state has passed sweeping new gun control and anti-terror laws following a mass shooting at Bondi Beach, tightening firearm ownership rules, banning the public display of terrorist symbols and expanding police powers to restrict protests.
Thailand and Cambodia both reported fresh clashes on Wednesday, as the two sides prepared to hold military talks aimed at easing tensions along their shared border.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 24th of December, covering the latest developments you need to know.
The United States will impose and enforce sanctions "to the maximum extent" to deprive Venezuelan President Nicolas Maduro of resources as Russia warned other Latin American countries could be next, the U.S. told the United Nations on Tuesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment