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From the Washington Examiner: President Donald Trump indicated on Sunday night that the sweeping reciprocal tariffs he levied just last week are staying in effect, as the markets continue to plunge.
In comments to reporters aboard Air Force One, Trump pointed to U.S. trade deficits with other countries in his defense of the tariffs, singling out China, which was hit with a 34% tariff by the United States last week.
“When you look at the trade deficit we have with certain countries, with China it’s $1 trillion,” the president said. “And we have to solve our trade deficit with China. … Hundreds of billions of dollars a year we lose with China. And unless we solve that problem, I’m not going to make a deal.”
“This is not sustainable,” Trump added.
“I do want to solve the deficit problem that we have with China, with the European Union, and other nations … If they want to talk about that, I’m open to talking,” Trump said.
One reporter asked, “Is there pain in the market at some point you’re unwilling to tolerate?”
WATCH the full exchange in the video below, as President Trump stood in the doorway and spoke to the media during the flight aboard Air Force One as he returned to Washington, D.C.
WATCH IN FULL: @POTUS speaks to reporters aboard Air Force One pic.twitter.com/qhOYcFtrrT
— Rapid Response 47 (@RapidResponse47) April 7, 2025
Just prior to speaking to the media, Trump had posted the following statement on Truth Social:
We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A. They are already in effect, and a beautiful thing to behold.
The Surplus with these Countries has grown during the “Presidency” of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!
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