{"id":132780,"date":"2025-04-07T05:13:16","date_gmt":"2025-04-07T05:13:16","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/defiant-trump-vows-to-stay-course-as-countries-scramble-over-tariffs-bbc\/"},"modified":"2025-04-07T05:13:16","modified_gmt":"2025-04-07T05:13:16","slug":"defiant-trump-vows-to-stay-course-as-countries-scramble-over-tariffs-bbc","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/defiant-trump-vows-to-stay-course-as-countries-scramble-over-tariffs-bbc\/","title":{"rendered":"Defiant Trump vows to stay course as countries scramble over tariffs &#8211; BBC"},"content":{"rendered":"<p>US President Donald Trump has defended sweeping tariffs on imports that sent shockwaves through global stock markets, saying &quot;sometimes you have to take medicine to fix something&quot;.<!-- --><br \/>Speaking to reporters aboard Air Force One late on Sunday, he said jobs and investment would return to the US to make it &quot;wealthy like never before&quot;.<!-- --><br \/>Trump&#x27;s top officials stressed that the tariffs &#8211; announced last week &#8211; would be implemented as planned, playing down recession fears. <!-- --><br \/>Just hours after Trump&#x27;s comments, stock markets plunged in Asia early on Monday, with Japan&#x27;s Nikkei 225 dropping by 6.3%, and Hong Kong&#x27;s Hang Seng losing 9.8%. <!-- --><br \/>On Friday, all three major stock indexes in the US fell more than 5%, while the S&amp;P 500 dropped almost 6% in <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cx26v8x24w1o\" class=\"sc-c9299ecf-0 beIoQm\">the worst week for the US stock market since 2020<!-- --><\/a>.<!-- --><br \/>Saudi Arabia&#x27;s stock exchange &#8211; which trades on Sundays &#8211; ended nearly 7% lower, its biggest daily loss since the pandemic, state-owned media said.<!-- --><br \/>US banking giant JP Morgan has predicted a 60% chance of a US and global recession following Trump&#x27;s tariffs announcement. <!-- --><br \/>Speaking aboard the presidential plane on a flight back to Washington DC, Trump said European and Asian countries were &quot;dying to make a deal&quot;.<!-- --><br \/>He also pushed back against a reporter&#x27;s inquiry about American consumers&#x27; &quot;pain threshold&quot; as fears of steep price increases and a market recession grow.<!-- --><br \/>&quot;I think your question is so stupid,&quot; he told the reporter. &quot;I don&#x27;t want anything to go down. But sometimes you have to take medicine to fix something.&quot;<!-- --><br \/>In a series of TV interviews earlier on Sunday, Trump&#x27;s top officials also played down recent stock market falls.<!-- --><br \/>Treasury Secretary Scott Bessent told NBC&#x27;s Meet the Press programme that there was &quot;no reason&quot; to expect a recession as a result. &quot;This is an adjustment process,&quot; he added.<!-- --><br \/>Bessent also argued that Trump had &quot;created maximum leverage for himself, and more than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation&quot;.<!-- --><br \/>Meanwhile, Commerce Secretary Howard Lutnick told CBS News that the 10% &quot;baseline&quot; tariff on all imports, which came into effect a day earlier, will definitely &quot;stay in place for days and weeks&quot;.<!-- --><br \/>Lutnick went on say the steeper reciprocal tariffs were still on track.<!-- --><br \/>Higher custom tariffs on roughly 60 countries, dubbed the &quot;worst offenders&quot;, are due to come into effect on Wednesday 9 April.<!-- --><br \/>When asked about these tariffs, Lutnick said they were coming. &quot;[Trump] announced it and he wasn&#x27;t kidding,&quot; he said.<!-- --><br \/>Lutnick also defended tariffs imposed on <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cly8xlj0485o\" class=\"sc-c9299ecf-0 beIoQm\">two tiny Antarctic islands<!-- --><\/a> populated only by penguins, saying it was to close &quot;loopholes&quot; for countries such as China to &quot;ship through&quot;.<!-- --><\/p>\n<p>Elsewhere, Indonesia and Taiwan have said over the weekend that they will not impose retaliatory tariffs after the US announced a 32% levy on imports from both countries.<!-- --><br \/>Vietnam&#x27;s leader, To Lam, has asked Trump to delay a 46% duty on Vietnamese exports to the US by &quot;at least 45 days&quot;, according to a letter seen by news agency AFP and the New York Times.<!-- --><br \/>However, China announced on Friday that <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c4grlzegewno\" class=\"sc-c9299ecf-0 beIoQm\">it will impose a 34% tariff<!-- --><\/a> on all US imports, beginning on Thursday 10 April.<!-- --><br \/>UK Prime Minister Sir Keir Starmer warned on Saturday that &quot;the world as we knew it has gone&quot;.<!-- --><br \/>Starmer said the UK government would keep pushing for an economic deal with the US that avoided some of the tariffs.<!-- --><br \/>A Downing Street spokesman added Starmer and new Canadian Prime Minister Mark Carney agreed in a phone call that &quot;an all-out trade war is in no-one&#x27;s interest&quot;.<!-- --><br \/>On Monday, Israeli Prime Minister Benjamin Netanyahu is expected to meet Trump for trade talks in Washington DC. <!-- --><br \/>Netanyahu, speaking to reporters as he boarded a plane-bound for the US, said he would be &quot;the first international leader that is meeting with Trump&quot; since the new tariffs were introduced.<!-- --><br \/>He said this showed their &quot;personal connection and the connection between our countries that is so essential in this time&quot;.<!-- --><br \/>Anti-Trump protests were held in cities across the US <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cz79ewg193ro\" class=\"sc-c9299ecf-0 beIoQm\">over the weekend<!-- --><\/a>, in the largest nationwide show of opposition since the president took office in January.<!-- --><br \/>Hundreds of thousands of people turned out in Boston, Chicago, Los Angeles, New York and Washington DC, among other cities, with protesters citing grievances with Trump&#x27;s agenda ranging from social to economic issues.<!-- --><br \/>The scathing opinion comes as a deadline looms to return the man from a prison in El Salvador.<br \/>Sources familiar with an internal probe said a chain of errors led to the accidental leak of a military operation.<br \/>The African nation is &quot;taking advantage&quot; of the US by not accepting its citizens, says the top US diplomat.<br \/>Critically endangered Galapagos tortoises Abrazzo and Mommy are parents of four hatchlings at Philadelphia Zoo<br \/>High winds and heavy rain were expected to continue into Sunday, delaying clean-up efforts. <br \/>Copyright 2025 BBC. All rights reserved.\u00a0<!-- --><i id=\"\" class=\"sc-7dcfb11b-0 kKcaog\">\u00a0<!-- --><\/i>The<!-- --><i id=\"bbc\" class=\"sc-7dcfb11b-0 kKcaog\"> BBC <!-- --><\/i>is<!-- --><i id=\"not-responsible-for-the-content-of-external-sites.\" class=\"sc-7dcfb11b-0 kKcaog\"> not responsible for the content of external sites.<!-- --><\/i>\u00a0<!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/editorialguidelines\/guidance\/feeds-and-links\" class=\"sc-c9299ecf-0 beIoQm\"><b id=\"read-about-our-approach-to-external-linking.\" class=\"sc-7dcfb11b-0 kVRnKf\">Read about our approach to external linking.<!-- --><\/b><\/a><br \/>\u00a0<!-- --><\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMiWkFVX3lxTFBfTE9kdEdWbVlhTUVYdUE4ZEMtRXRCLWltb0VBS2h5b2FWS0dGTDNjeF9CTFFlOVhSXzdQZkpjT184TWN0b2ZiZVpEdE9PTkhnMmRYaExIMjV6QdIBX0FVX3lxTFBpRUtNbmRlTE5aMF9IaFVPUFRFQ014R1FzNWpSSUhkVFVFbmNkX21GZUpRUElPLTF1bFpSMnVGc1Jmc1YwZEd1RVk4eUJjUmQ4RjBiXzFQaEY5VnhSendJ?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US President Donald Trump has defended sweeping tariffs on imports that sent shockwaves through global stock markets, saying &quot;sometimes you have to take medicine to fix something&quot;.Speaking to reporters aboard Air Force One late on Sunday, he said jobs and investment would return to the US to make it &quot;wealthy like never before&quot;.Trump&#x27;s top officials [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":132781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-132780","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=132780"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/132781"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=132780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=132780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=132780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}