Stock markets across Europe slumped on Monday after Donald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine”.
Speaking to reporters onboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn (£5tn) in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said.
