Trump defends tariffs despite market fallout, vows to press ahead
April 8, 2025
Former President Donald Trump said he will not retreat from broad new tariffs set to begin Wednesday, calling them “medicine” to fix global trade. The announcement has roiled financial markets worldwide, with U.S. futures and Asian stocks experiencing a sharp decline. Trump said more than 50 nations have reached out to negotiate, but no agreements have been made. Some Republican lawmakers are pushing a bill to limit presidential tariff powers.
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