President Donald Trump said Sunday evening that he is not intentionally engineering the ongoing sell-off, “but sometimes you have to take medicine to fix something.” He cited the trade deficit with China as his rationale for pressing on with his tariffs plan despite the recent pain in the markets. The comments came as U.S. stock futures dropped, pointing to big losses at Monday’s open.
President Donald Trump said Sunday evening that he is not intentionally engineering the ongoing stock market sell-off, but said little to try and dissuade it.
“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 Sunday night when asked about the markets.
The comments came as U.S. stock futures dropped on Sunday evening, with Dow Jones Industrial average futures sliding 4.1%, accelerating losses that carried through from Thursday and Friday and indicating more selling is likely to hit Monday morning.
He cited the trade deficit with China as his rationale for pressing on with his