During a press briefing on Air Force One, President Donald Trump addressed the recent market decline by comparing it to taking necessary but unpleasant medicine to fix a problem. Trump denied deliberately causing the market downturn, attributing it to the repercussions of his tariffs. He defended his actions by criticizing past leadership and emphasizing the need for stronger trade policies. Despite the market uncertainty, Trump remained steadfast in his tariff approach, suggesting that he would not negotiate with China until the trade deficit is resolved. He also mentioned engaging with European and Asian leaders to discuss tariffs, stating that they are eager to negotiate. The administration implemented a 10% tariff on imports from various countries, with higher tariffs scheduled to come into effect in the near future.
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