Trump Defends Tariffs Despite Market Turmoil, Calls Them 'Medicine'

President Donald Trump reaffirmed his commitment to imposing extensive tariffs on imports, stating he will only reconsider if other countries address their trade imbalances with the U.S. Despite significant global market declines and fears of a recession, Trump characterized the tariffs as necessary 'medicine' to rectify past trade injustices. He indicated that discussions with over 50 countries about potential negotiations to lift these tariffs are ongoing, emphasizing that trade deficits represent losses for the U.S. Treasury Secretary Scott Bessent supported this stance, noting that unfair trade practices cannot be resolved quickly. As the tariffs are set to take effect, Trump insisted that the U.S. economy is strengthening and that international partners are eager to negotiate, despite the current market turmoil. His administration continues to defend the tariffs, suggesting that they will ultimately lead to long-term economic benefits.