On Monday, global stock markets faced extreme volatility as Donald Trump's tariff policies triggered renewed sell-offs. The S&P 500 fell sharply, entering bear territory before briefly rebounding, only to close down 0.2%. Predictions that Trump might pause tariffs were dashed when he dismissed such considerations. Markets in Asia and Europe also suffered, with notable declines in major indices. Trump's comparison of tariffs to necessary 'medicine' underlined the administration's commitment to its trade agenda, which continues to create uncertainty in global markets.
President Trump stated that the economic turbulence caused by tariffs is akin to 'medicine' that is necessary for long-term stability, emphasizing the necessity of tough measures.
Despite hopes for a pause on tariffs, Trump confirmed that both permanent tariffs and negotiations could coexist, resulting in unclear market predictions and subsequent sell-offs.
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