Trump Defends Tariffs as Dow Plummets Over 1,600 Points in Worst Drop in Years

President Trump compares economic impact to surgery, emphasizing long-term benefits despite global market volatility and trade tensions.

President Trump announced sweeping tariffs, including a 25% tax on foreign-made vehicles and a 10% baseline tariff on imports, with higher rates targeting countries like China and the EU.
The Dow Jones Industrial Average dropped over 1,600 points on April 3, marking its steepest decline in years, as global markets reacted to the tariffs' implementation.
Trump defended the tariffs, likening the economic disruption to a necessary medical operation and predicting a future economic boom fueled by increased U.S. manufacturing.
International leaders are preparing retaliatory measures, raising concerns of a potential global trade war and further economic instability.
Economic experts warn of risks including inflation, supply chain disruptions, and recession, while Trump suggests the tariffs could serve as leverage for improved trade deals.