Global stock markets experienced extreme volatility following President Trump's new trade tariffs, which he compared to medicine despite warnings of economic repercussions. The sell-off began in Asia and quickly spread to Europe and the US, only briefly halted by hopes of a reprieve that vanished when Trump threatened additional tariffs on China. A spokesperson from China's embassy asserted Beijing would not yield to such threats, while Trump indicated that tariffs could be both permanent and negotiable, suggesting a turbulent outlook for U.S.-China trade relations and markets alike.
Trump stated that his trade tariffs are intended as a form of economic medicine, emphasizing their necessity despite warnings of potential widespread economic harm.
China's spokesperson Liu Pengyu asserted that Beijing would not yield to threats from President Trump, emphasizing their commitment to safeguarding their fundamental rights and interests.
Trump remarked that there could be both permanent tariffs and negotiations, suggesting a complex dynamic in U.S.-China trade relations.
Despite momentary hopes for market recovery, Trump’s statement about not pausing tariffs intensified anxiety among investors, leading to continued fluctuations in global stock markets.
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