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International Business Times UK
International Business Times UK
Teddy Cambosa

'Tariffs Are Like Medicine': Here's How Asian Economies Reacted to Trump's Tariff Waves

Five days after US President Donald Trump announced reciprocal tariffs against key economic players globally, Asian countries have been hit by the effect of said tariffs, causing massive dips in their local stock markets. In response to these side effects, Trump said that the world must endure these tariffs in the meantime and likened them to 'taking medicine.'

Speaking to reporters aboard Air Force One following a short trip to Florida, he said, 'I don't want anything to go down. But sometimes you have to take medicine to fix something.' His statement comes in response to European and Asian leaders' request to reduce tariffs amidst worsening stock market conditions and warnings from industry bodies of a possible recession.

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