Stocks plunge again, Trump says markets have to 'take medicine'

The Star

Stocks plunged again on Monday morning after U.S. President Donald Trump indicated Sunday (April 6) that he was in no mood to change to course on tariffs, saying that sometimes you "have to take medicine to fix something".  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Hello, everybody.

00:01How are you?

00:02Good.

00:03Any questions?

00:04What's going to happen with the market?

00:05I can't tell you.

00:06But I can tell you, our country has gotten a lot stronger.

00:07And eventually, it'll be a country like no other.

00:08It'll be the most dominant country economically in the world.

00:09Is there pain in the market?

00:10At some point, you're unwilling to tolerate this idea of a Trump put?

00:11Is there a threshold?

00:12I think your question is so stupid.

00:13I mean, I think it's a...

00:14I don't want anything to go down, but sometimes you have to take medicine to fix something.

00:36The Chinese foreign ministry said that the market has spoken when asked about the tariffs.

00:41What do you make of that?

00:42The market has spoken when they look at the fact that we have a billion dollar trade deficit.

00:48When you look at the trade deficit that we have with certain countries, way over a billion

00:55per country.

00:56But with China, it's a trillion dollars.

00:58And we have to solve our trade deficit with China.

01:01We have a trillion dollar trade deficit with China.

01:04Hundreds of billions of dollars a year we lose with China.

01:07And unless we solve that problem, I'm not going to make a deal.

01:10Now, I'm willing to deal with China, but they have to solve their surplus.

01:15We have a tremendous deficit problem with China.

01:20They have a surplus of at least a trillion dollars a year.

01:23I think it's like a trillion one.

01:26And I want that solved.

01:28And so China is...

01:30You know, they say the market has spoken.

01:33China is right now taking a big hit because everyone knows we're right.

01:37Were there any deals made?

01:39I spoke to a lot of leaders, European, Asian, from all over the world.

01:44They're dying to make a deal.

01:46But I said, we're not going to have deficits with your country.

01:50We're not going to do that.

01:52Because to me, a deficit is a loss.

01:54We're going to have surpluses or at worst, going to be breaking even.

01:59We will be taking in over a trillion dollars over the next short period of time

02:05with the tariffs that I've already instituted.

02:08They're already in place now.

02:10And we're the piggy bank.

02:11We have all the advantages.

02:13Forget markets for a second.

02:15We have all the advantages.

02:16We're going to straighten out.

02:17We're going to become a wealthy nation again.

02:19Wealthy like never before.

02:21And we're not going to let other nations that have been ripping us off,

02:24whether it's China or the European Union,

02:27with all of the European nations that have just made, it's been like a feast.

02:33Look, the European Union was formed for one reason.

02:36You know what that was?

02:38To rip off the United States.

02:40So put that in your bonnet.

02:42I hope you had a good flight.

02:44Have a good time.

02:45Thank you for your time, Mr. President.

02:46Thank you, sir.

02:47We'll see you tomorrow.

Category

Transcript

Be the first to comment

Recommended