Donald Trump described sweeping tariffs as essential medicine, insisting that foreign governments would need to pay significantly to have them lifted. Despite U.S. stock values plummeting by nearly $6 trillion, Trump expressed indifference towards market losses. Asian markets reacted severely, with Japan's Nikkei index falling nearly 9%, and similar declines in Hong Kong, China, and South Korea. Japanese Prime Minister Shigeru Ishiba stated the government will lobby Trump to lower tariffs while implementing measures to stabilize Japan's economy amid the downturn.
Donald Trump characterized tariffs as 'medicine' necessary for fixing issues, emphasizing foreign governments must pay significantly to lift them despite troubling impacts on global markets.
Japanese Prime Minister Shigeru Ishiba reiterated calls for Trump to lower tariffs but acknowledged change would take time, stressing the urgency of measures to protect Japan's economy.
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