US President Donald Trump said Sunday that violent falls in American and global markets showed the “medicine” of his trade tariff barrage was working.
“Sometimes you have to take medicine to fix something,” Trump told reporters aboard Air Force One as he returned to Washington from a weekend of golfing in Florida, adding that trade partners are “coming to the table” and “want to talk.”
Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Trump’s punishing tariffs, even as countries sought compromise with the defiant president.
Trump denied Sunday he was intentionally engineering a selloff and insisted he could not foresee market reactions, saying he would not make a deal with other countries unless trade deficits were solved.
Speaking to reporters aboard Air Force One, he added that he had engaged with world leaders on the issue to seek resolution over the weekend, claiming “they’re dying to make a deal.”
