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 called for a 30-day unconditional ceasefire between Russia and Ukraine, with Ukrainian President Zelenskyy saying Kyiv is ready to comply immediately.
President Trump and UK Prime Minister Keir Starmer unveiled a limited trade deal Thursday that keeps 10% tariffs on British exports but lowers U.S. duties on UK cars and cuts average UK tariffs on U.S. goods to 1.8%, calling it a “historic” step forward.
German Chancellor Friedrich Merz and U.S. President Donald Trump agreed to resolve trade disputes and cooperate on Ukraine during a phone call Thursday evening.
Ukrainian President Volodymyr Zelenskyy spoke with U.S. President Donald Trump by phone about the U.S.-Ukraine minerals agreement after Ukraine’s Parliament ratified it.
From Washington to Rome and beyond, world leaders continue to welcome the election of Pope Leo XIV, recognising the historic nature of the first American pontiff and the hopes it brings for global unity and moral leadership.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Italians gather to honour all who resisted fascism — including the forgotten Azerbaijani soldiers of Monte di Nese, each year. Their names may be lost, but their struggle for freedom is etched into the memory of this land.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Italians gather to honour all who resisted fascism — including the forgotten Azerbaijani soldiers of Monte di Nese, each year. Their names may be lost, but their struggle for freedom is etched into the memory of this land.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Italians gather to honour all who resisted fascism — including the forgotten Azerbaijani soldiers of Monte di Nese, each year. Their names may be lost, but their struggle for freedom is etched into the memory of this land.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
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