President Donald Trump on Sunday defended his sweeping tariffs on imports from other countries, saying they are aimed at fixing the trade imbalance, not at causing a global stock market selloff.
“I don’t want anything to go down. But sometimes you have to take medicine to fix something,” Trump told reporters aboard Air Force One.
“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen,” he said. “And it’s not sustainable.”
His remarks came as U.S. stock futures dropped on Sunday, with S&P 500 stock futures falling 4 percent, and Dow Jones declining 3.8 percent while Nasdaq futures sank 4.6 percent….