60 sources·Business

Trump Sticks to Tariff Strategy Despite Market Turmoil

President Trump remains firm on tariffs, claiming they are 'medicine' for trade imbalances, as global markets slump and recession fears mount.

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  1. Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts

    Investors are flocking to safe haven assets after U.S. President Donald Trump announced a swathe of reciprocal tariffs last week — and some are looking at the Japanese yen, bonds, as well as a few other "exotic" assets.

    Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts

    CNBCCNBC·12d
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    Center
    This outlet is balanced or reflects centrist views.
  3. The Latest: Asian markets fall as Trump's tariffs roil global trade

    The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.

    The Latest: Asian markets fall as Trump's tariffs roil global trade

    Associated PressAssociated Press·12d
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    Center
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  4. The Latest: Markets sink as Trump’s tariffs roil global trading system

    Market observers expect investors will face more wild swings in the days and weeks to come, with a short-term resolution to the trade war appearing unlikely.

    The Latest: Markets sink as Trump’s tariffs roil global trading system

    Boston HeraldBoston Herald·12d
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    Leans Right
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  5. Trump says he's not backing down on tariffs, calls them 'medicine' as markets reel

    Trump's tariff blitz, announced April 2, fulfilled a key campaign promise as he acted without Congress to redraw the rules of global trade.

    Trump says he's not backing down on tariffs, calls them 'medicine' as markets reel

    ABC NewsABC News·12d
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    Center
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  7. Asian stock markets slide, U.S. futures retreat as tariff turmoil continues

    The scale of the tariffs surprised investors, sending U.S. stocks into their sharpest decline in five years and wiping out trillions in investor wealth.

    Asian stock markets slide, U.S. futures retreat as tariff turmoil continues

    CBS NewsCBS News·12d
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    Center
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  8. Donald Trump addresses whether he crashed markets on purpose

    However, Trump's tariffs and shakeup of global trade has rattled global and domestic markets, with Wall Street tanking over the past few days, marking the worst days for the U.S. stock markets since 2020.

    Donald Trump addresses whether he crashed markets on purpose

    NewsweekNewsweek·12d
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    Center
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  11. Trump defends tariffs as markets plunge: ‘I don’t want anything to go down’

    Trump argues that other countries for years have taken advantage of the U.S. when it comes to trade policy, hurting U.S. workers and manufacturers.

    Trump defends tariffs as markets plunge: ‘I don’t want anything to go down’

    NewsNationNewsNation·12d
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    Center
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  13. Axios

    Trump's comments came hours after his topic economic advisers, in Sunday TV interviews, said markets shouldn't expect a rescue from the tariff-driven sell-off.

    Axios

    AxiosAxios·12d
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    Center
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  16. Over 50 countries seek US trade talks after tariffs: Trump officials

    Despite this, economists have warned that the tariffs could lead to a decline in US gross domestic product (GDP), with JPMorgan economists revising their growth forecast from a 1.3 percent increase to a 0.3 percent decrease.

    Over 50 countries seek US trade talks after tariffs: Trump officials

    Al JazeeraAl Jazeera·12d
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    Leans Left
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  20. Sen. Mullin: Have to Address US Trade Deficits 'Now'

    The truth is, we have to do something about it now.

    Sen. Mullin: Have to Address US Trade Deficits 'Now'

    NewsmaxNewsmax·13d
    Mixed Reliable
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    Right
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  1. CNBC
  2. The Guardian
  3. Associated Press
  4. Boston Herald
  5. ABC News
  6. CNN
  7. CBS News
  8. Newsweek
  9. USA TODAY
  10. MEDIAite
  11. NewsNation
  12. The Hill
  13. Axios
  14. New York Post
  15. Boston Globe
  16. Al Jazeera
  17. Daily Caller
  18. Salon
  19. FOX News
  20. Newsmax
  21. AlterNet
Updated: Apr 7th, 2025, 4:21 AM ET

Summary

A summary of the key points of this story verified across multiple sources.

Following President Trump's tariff announcements, markets have seen drastic declines, with Japan's Nikkei index dropping nearly 8% and the S&P 500 down 6%. Trump insisted he won't back down until trade balances improve, referring to tariffs as necessary 'medicine.' Over 50 countries are pursuing negotiations regarding these tariffs, with significant fears of a global recession looming. As the tariffs take effect, Treasury Secretary Scott Bessent cautioned that such trade practices can't be resolved quickly. The contentious measures have raised inflation concerns and intensified debates surrounding economic policy, particularly among House Republicans proposing legislation to limit tariff powers.

Perspectives

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  • Trump maintains a firm stance on tariffs, dismissing market concerns while advocating for stronger trade positions with other countries, positioning the tariffs as necessary economic 'medicine'.

  • The administration faces growing unease from some Republican lawmakers and constituents regarding the potential negative impacts of these tariffs, reflected in national surveys showing majorities disapproving of the tariff policies.

  • Dialogue remains open, as more than 50 countries have expressed interest in negotiating trade agreements, suggesting that some nations are willing to engage despite the tension.

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Trump Sticks to Tariff Strategy Despite Market Turmoil - Pano News