President Donald Trump defended his recently announced tariffs, which affect over 180 countries, by stating they are essential for rectifying America's trade deficits. He acknowledged the tariffs could negatively impact the stock market but likened it to taking medicine for a cure. Despite the market's immediate panic, with significant declines in indices and global markets responding negatively, Trump remained optimistic that these tariffs would ultimately lead to a revitalization of American industry and a prosperous future for the economy.
President Trump defended the need for tariffs as necessary medicine to correct America's trade deficits, acknowledging their impact on the stock market but emphasizing the long-term benefits.
While discussing tariffs imposed on 185 countries, Trump expressed confidence that these measures will lead to a rebirth of American industry and significant economic growth.
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