Rubio admits "markets are crashing" due to Trump's new tariffs, but says they will "adjust"

U.S. Secretary of State Marco Rubio acknowledged today that "markets are crashing" after President Donald Trump's administration imposed sweeping global tariffs, but said they will readjust. This was reported by UNN with reference to CNN.

Details

"Businesses around the world, including trade and global commerce, they just need to know what the rules are. When they learn what the rules are, they will adapt to those rules," Rubio told reporters, answering a question about unexpectedly high U.S. tariffs affecting the European economy.

Rubio continued: "So I don't think it's fair to talk about an economic collapse. Markets are crashing because markets are based on the stock values of companies that are embedded today in ways of production that are bad for the United States."

Rubio said the U.S. must reset the global trade order.

"The worst thing is to leave things as they are forever. I mean, it just can't last. We can't continue to be a country that does nothing," Rubio said.

As an example, he cited China. "I mean, it's outrageous. I mean, they don't consume anything. All they do is export, flood and distort markets, in addition to all the duties and barriers they impose," Rubio said.

His comments came shortly after China announced that it would impose reciprocal 34% tariffs on all imports from the United States starting April 10.

"President (Trump) has rightly concluded that the current state of global trade is bad for America and good for a bunch of other people. And he's going to reset it, and he's absolutely right," Rubio added.

US trade war: experts explained the consequences for Ukraine and America itself03.04.25, 12:14 • 374570 views

Addendum

U.S. President Donald Trump insisted Thursday that the rollout of his new "reciprocal" tariffs "is going very well," despite markets falling and foreign leaders appearing concerned about the prospect of a global recession.