US stock markets continue to sell off today (April 7). US President Donald Trump responded that he did not intentionally manipulate the stock market to sell off, and that he does not want any market to go down, but that when it does, sometimes it needs to "take medicine" to solve the problem.
He said it was impossible to predict what would happen in the markets, but that the US would be stronger and would not make a deal with China unless it could resolve its trade deficit with China. Trump also mentioned that he had discussed tariffs with European and Asian leaders, saying they are eager to reach a trade deal.
An article published in the People's Daily pointed out that the recent announcement by the United States of the indiscriminate imposition of tariffs on all trading partners, including China, under various pretexts seriously infringed on the legitimate rights and interests of various countries, seriously violated the rules of the World Trade Organization, seriously undermined the rule-based multilateral trading system and seriously impacted the stability of the global economic order, which China strongly condemns and resolutely opposes.
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