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April 7, 2025

Trump Stands Firm on Tariffs Amid Market Turmoil

President Donald Trump clarified his position regarding recent market fluctuations. He stressed that he does not intend to provoke a market selloff. He emphasized that his primary objective is to eliminate bilateral trade deficits entirely, particularly with China. Trump declared he will not agree to a trade deal unless it enables the U.S. to lower its deficit with the Chinese government significantly.

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