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Trump: Tariff rollout ‘going very well,’ says markets will ‘boom’ amid slump

  • President Donald Trump announced reciprocal tariffs of at least 10% on all imports to reset global trade and return manufacturing to the U.S.
  • The Dow dropped more than 1,600 points after the announcement, indicating significant market instability.
  • Trump claimed that the U.S. Economy and stock market would soon 'boom,' despite the short-term pain.
  • High tariffs will be imposed on over 180 countries, with rates of up to 49% on Cambodia, 46% on Vietnam, and 26% on India.
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Trump defends tariffs amid historic stock market drop

President Trump offered a rosy assessment after the stock market dropped sharply over his tariffs, saying, "I think it's going very well."

·Kansas City, United States
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  • 38% of the sources lean Left
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The New Republic broke the news in on Thursday, April 3, 2025.
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