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Trump says 'sometimes you have to take medicine to fix something' as markets tumble

US President Donald Trump says that violent falls in American and global markets show the "medicine" of his trade tariff barrage is working. He also says China would have agreed to a deal on the sale of TikTok if it were not for the tariffs imposed by Washington on Beijing last week.

DC POOL / AFP VIDEO

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Transcript
00:00I don't want anything to go down, but sometimes you have to take medicine to fix something.
00:06And we have such a horrible...
00:10We have been treated so badly by other countries
00:14because we had stupid leadership that allowed this to happen.
00:17They took our businesses, they took our money, they took our jobs.
00:21It's largely true.
00:22The report is that we had a deal pretty much with Tic Tac.
00:25Not a deal, but pretty close.
00:27And then China changed the deal because of tariffs.
00:30If I gave a little cut in tariffs, they'd approve that deal in 15 minutes.
00:35Which shows you the power of tariffs, right, President?
00:37Five or six.
00:38I've spoken to many countries.
00:40They all want to do it, just so you understand the power of what I'm doing.
00:43Every country is calling and being very solicitous of us.
00:48Very, very nice.
00:49They're being very nice.
00:50I don't think inflation is going to be a big deal,
00:53because if you look at me, I took in hundreds of billions of dollars.
00:58This is not new to me.
01:00I took in during my four years hundreds of billions of dollars from China.
01:23I don't think inflation is going to be a big deal, because if you look at me, I took
01:30in hundreds of billions of dollars from China.

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