Washington: US President Donald Trump announced that he would maintain his comprehensive tariffs on imports from most nations unless these countries amend their trade imbalances with the United States. Speaking to reporters aboard Air Force One on Sunday, Trump emphasized the necessity of his tariff strategy by stating, "sometimes you have to take medicine to fix something," highlighting his resolve to see through these measures.
According to Qatar News Agency, Trump's comments come amid escalating fears of a financial market downturn. The impending implementation of the new tariffs next Wednesday has sparked warnings of a potential global recession. This economic apprehension was reflected in the financial markets, as US stock futures experienced a decline on Sunday evening, with the Dow Jones index dropping by 4% and the Nasdaq index by nearly 5%.
Despite the market turmoil, Trump revealed that he had received encouraging signs from over 50 countries expressing willingness to enter negotiations. This development suggests a potential path toward resolving trade tensions, although the details of such negotiations remain unclear.