Trump defends his tariffs as a 'beautiful thing to behold' as Dow futures drop by a whopping 1,500 points

WASHINGTON, DC: President Donald Trump made a controversial statement on Sunday, April 6, as he defended the impact of his tariffs and said it is a 'beautiful thing to behold' as Dow futures dropped 1,500 points.

The stock market has been rocked with uncertainty as the resistance to tariffs unveiled by the POTUS against dozens of countries continued over the weekend, per Mediaite.

It was reported on Sunday that Dow and S&P 500, and Nasdaq futures sank on fears of a continuing major sell-off in Monday, April 7 trading, per the outlet.

Trump defends impact of his tariffs calling it a 'beautiful thing to behold'

President Trump defended his move in a Truth Social post on Sunday evening. 

He wrote, "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 USA."

"They are already in effect, and a beautiful thing to behold," he continued.

The POTUS added, "The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY."

He also mentioned, "Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!"

Furthermore, many Trump supporters and surrogates also defended the tariffs on Sunday but were not entirely clear about whether or not there's room to negotiate on the subject, per Mediaite.

Donald Trump says 'sometimes you have to take medicine to fix something'

Donald Trump on Sunday defended sweeping tariffs on imports and said, "Sometimes you have to take medicine to fix something", according to BBC.

Trump said jobs and investment would return to the US to make it "wealthy like never before" while speaking to reporters aboard Air Force One late on Sunday.

Interestingly, just hours after Trump's comments, stock markets plunged in Asia, with Japan's Nikkei 225 dropping by 6.3 percent, and Hong Kong's Hang Seng losing 9.8 percent, per the outlet.

Moreover, on April 4, all three major stock indexes in the US fell more than 5 percent, while the S&P 500 dropped almost 6 percent in the worst week for the US stock market since 2020, according to BBC.

While speaking aboard the presidential plane on a flight back to Washington DC, the POTUS said that the European and Asian countries were "dying to make a deal".

Trump also pushed back against a reporter's question about US consumers' "pain threshold" as fears of steep price increases and a market recession grow, per BBC.

The POTUS said, "I think your question is so stupid. I don't want anything to go down. But sometimes you have to take medicine to fix something."

Internet slams Trump as he says impact of his tariffs is a 'beautiful thing to behold'

Several internet users slammed Donald Trump as he defended the impact of his tariffs and said it is a 'beautiful thing to behold' as Dow futures dropped 1,500 points.

A user wrote on X, "We lost $9 trillion in stocks for a few hundred billion investment?" while one added, "The stock market lost a combined value of 12 trillion dollars. What’s a few billion gonna do?"

A person also stated, "Economists say otherwise," whereas one mentioned, "Guys, we’re in trouble… I actually think he believes what he’s saying."

A user also wrote, "Normal Americans paying for rich businessmen to win. Got it," while one commented, "We need some reassurance, Mr Trump. Words are great, but action is what moves the economy."

A person also mentioned, "Tariffs are a horrible thing to defend."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online