Trump defends tariffs after stock market turmoil | BBC News

US President Donald Trump has defended sweeping tariffs on imports that have sent shockwaves through global stock markets.

Asian stocks plunged on Monday to levels not seen in decades, as European markets in the UK and Germany also saw big falls on opening.

Trump said "sometimes you have to take medicine to fix something" as his top officials stressed that the tariffs would be implemented as planned.

US banking giant JP Morgan has predicted a 60% chance of a US and global recession following the president's tariffs announcement.



#US #Asia #BBCNews

[Dan-ufvh]

"The best recession in the history of recessions. Nobody knows more about recessions!"

[Michael-pgrv]

When Trump says your question is stupid, you know you asked him a good question.

[GideonAstra]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on my pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[pb]

"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence."
- Charles Bukowski

[christopherguest]

Who would of thought his 7th bankruptcy would be America

[Gregstuckey]

My main concern is how to survive all of these financial and political crisis, especially in light of the US political power scuffle. The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance.

[PercivalC]

Trump does one of two things when he gets in hot water: he either doubles down like crazy or denies and blames everyone else for what is happening.

[KevinNinan]

One of the best Game of Thrones quotes "He'd  burn down the country to be king of the ashes

[captainbuggernut]

When markets crash, it's not someone else that picks up the bill. It's us! Last time, it was a decade of austerity.

[bburkbi]

People actually defending this really are fascinating

[Aaronwhatnow]

This was not the prices the average person wanted to go down.

[ANTONIOJESUS-dp]

❤️ !!! Thank you for the informative video🇺🇸💡... but I think generating wealth is about determination and focus.

[KingInTheSoutha]

The fact that the American president just told a reporter, "I think your question is so stupid" and no one bats an eye to that just shows how normal crazy has been made to seem

1:29

[THE-TRUE-Doi]

I don't know about you but when I take medicine for a cold it doesn't increase my cough and pain.

[NOURINHO-rvfk]

Trump “The biggest, and the most beautiful recession the like the world has never seen before”

[GAMIwitheoI]

for much much less Liz Truss was forced to quit immediately

[UFCCASUAL]

Well well well maybe you shouldnt give someone who bankrupts casionos the keys to the white house. Enjoy your 401k

[t.h.]

Imagine the uproar from MAGA if Biden or Harris did this????

[jonnelson]

“We have stupid leadership that allowed this to happen.” Yes you! Lack of self awareness!

[Ryanjoned]

Most exercise I get these days is shaking my head in disbelief