In a defiant stance amid plunging global markets, former U.S. President Donald Trump brushed aside growing concerns over his aggressive tariff policies. Speaking aboard Air Force One, Trump remained firm, calling the global economic strain a necessary cost for restoring balance. “Sometimes you have to take medicine to fix something,” he said. “We have been treated so badly by other countries.”
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His comments came as the Dow Jones, S&P 500, and Nasdaq futures saw sharp declines—falling up to 5 percent—alongside a 6 percent drop in Bitcoin and widespread losses across Asian markets. The panic follows Trump’s sweeping tariffs, which began at 10 percent on all imports Saturday, and are set to spike between 11 and 50 percent on selected countries by Wednesday.
When asked if the stock market fallout would make him reconsider his strategy, Trump lashed out: “I think your question is so stupid.” His blunt dismissal reignited debate around his unfiltered communication style and its impact on global diplomacy.
Despite the backlash, Trump claims the tariffs are already working. “They’re dying to make a deal,” he said, adding, “There’s no talk unless they pay us a lot of money on a yearly basis.” Treasury Secretary Scott Bessent backed him, saying over 50 nations have reached out since the tariff announcement. “He’s created maximum leverage for himself,” Bessent told NBC’s Meet the Press.
As global leaders scramble to respond and markets continue to spiral, Trump’s tariff war shows no sign of letting up.