Trump insists on reciprocal tariffs despite market decline
cnbc.com —
President Donald Trump reaffirmed his commitment to imposing "reciprocal tariffs" on countries with their own tariffs on U.S. goods. He stated, "I'm not going to bend at all," during a meeting with NATO Secretary General Mark Rutte. These tariffs are scheduled to take effect on April 2. Trump's stance comes as the stock market continues to decline, with the S&P 500 down 10% from recent highs. The ongoing tariff plans have contributed to a prolonged sell-off in the stock market, raising concerns among investors. Major stock indexes are now entering correction territory.