Trump Defends Tariffs Amid Global Market Plunge

Despite a significant downturn in global markets following the announcement of new reciprocal tariffs, President Trump expressed optimism about the economic outlook. He likened the tariffs to a surgical operation and claimed that the U.S. would see an influx of nearly $7 trillion in investment, asserting that 'the markets are going to boom.' The Dow Jones Industrial Average fell over 1,200 points, reflecting investor concerns about a possible recession, yet Trump maintained that the economic pain would be temporary. He emphasized that countries have taken advantage of the U.S. for years and insisted that the tariffs are necessary to rectify this imbalance. Vice President JD Vance supported the president's stance, indicating that the benefits of the tariffs would take time to materialize. Trump reiterated that the ultimate goal is to strengthen the U.S. economy and improve trade relations.