Brief by Shorts91 Newsdesk / 12:35pm on 07 Apr 2025,Monday International
US President Donald Trump denied inflation concerns on Monday, despite global markets plummeting following a US-China tariff clash. Trump blamed past US leaders and called China “the biggest abuser,” accusing it of exploiting America for decades. He defended existing tariffs, claiming they bring in billions weekly, and criticized China’s retaliatory 34% tariff hike. Major indices like S&P 500 fell nearly 2%, and Asian markets saw steep drops—Japan’s Nikkei down 7%, Korea’s Kospi by 4.8%. Trump insisted tariffs were “a very beautiful thing” and dismissed inflation fears, urging the Federal Reserve to cut interest rates amid continued economic uncertainty. (PC: Reuters)
