"Sometimes you have to take medicine to fix something": Trump on market crash amid new import duties
Kyiv • UNN
The US President stated that countries must pay to convince him to lower tariffs. The EU is preparing countermeasures on imports from the US worth up to $28 billion.
US President Donald Trump has said that foreign governments will have to pay "a lot of money" to cancel new import duties. This is reported by UNN with reference to Reuters.
Details
Speaking to reporters on board the presidential Air Force One, Trump noted that he is not concerned about market losses that have already wiped out nearly $6 trillion in US stock value. At the same time, he compared the new tariffs to medicine.
I don't want anything to fall. But sometimes you have to take medicine to fix something
He also said he spoke with leaders from Europe and Asia over the weekend. According to him, they hope to convince him to reduce tariffs, which will come into effect this week, by 50 percent.
"They are sitting down at the negotiating table. They want to talk, but there will be no talks unless they pay us a lot of money on an annual basis," Trump explained.
Recall
In the coming days, the countries of the European Union will try to present a united front against the customs innovations of the administration of US President Donald Trump. According to Reuters, it is likely that we are talking about approving a set of targeted countermeasures on imports from the US in the amount of up to 28 billion dollars, in the range "from dental floss to diamonds".
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