Trump Confident in Tariff Impact Despite Market Drop

Following the announcement of a sweeping 10% minimum tariff on imports, the U.S. stock market experienced a significant downturn, with the Dow Jones Industrial Average dropping over 1,600 points. Despite the sharp sell-off and fears of a global recession, President Donald Trump downplayed the market turmoil, likening it to a necessary surgical operation and expressing optimism about future economic growth. Trump maintains that the tariffs will attract trillions of dollars in investments and insists that countries will seek to negotiate favorable trade deals with the U.S. The International Monetary Fund (IMF) and European leaders have urged dialogue to resolve trade tensions, warning of potential harm to the global economy. Meanwhile, Trump remains open to using tariffs as a negotiating tool, suggesting he may adjust them based on reciprocal offers from other nations.