![]() |
Marco Rubio |
'Markets Will Adjust': Sec. Marco Rubio Fires Back At Reporter Asking About Trump's Tariffs
During a press briefing on Friday, Secretary of State Marco Rubio responded forcefully to a reporter questioning the economic impact of President Trump’s tariffs, dismissing concerns of economic collapse and emphasizing the need to reset global trade.
Rubio: ‘Markets Are Reacting, Not Crashing’
When pressed about whether Trump’s tariffs could damage European economies at a time when they are increasing their defense spending, Rubio rejected the premise outright.
"No, no, no, their economies are not crashing—their markets are reacting," Rubio said, clarifying that the fluctuations were a short-term reaction to a dramatic shift in global trade rules.
He explained that companies heavily dependent on cheap Chinese manufacturing were seeing a drop in stock prices, but that this was a necessary adjustment for a fairer trade system.
"If you're a company and you make a bunch of your products in China, and all of a sudden shareholders realize it’s going to cost more to produce there, your stock will go down. But once businesses know what the rules are, they will adjust," he added.
Rubio: ‘We Need to Make Things Again’
Rubio doubled down on Trump's "America First" trade policy, arguing that the U.S. must become a nation that manufactures and exports tangible goods, rather than relying primarily on services and imports.
“We are the largest consumer market in the world, yet we export mainly services. We need to stop that. We need to get back to a time when we were a country that made things,” Rubio said.
He particularly targeted China, calling out its unfair trade practices, market manipulation, and barriers to American goods.
“China floods markets and distorts competition while putting up barriers of its own. The president rightly sees that the current global trade status benefits other nations at America’s expense—and he’s absolutely right to reset it.”
What’s Next?
As Trump’s tariff plan takes effect, businesses and global markets will continue adjusting to the new landscape. Rubio’s remarks reinforce the administration’s long-term economic vision, signaling a strategic shift toward domestic production over reliance on foreign supply chains.
Despite Wall Street’s short-term jitters, the Trump administration is confident that "markets will adjust"—and that America will emerge stronger from this economic realignment.
FAQs: ‘Markets Will Adjust’: Sec. Marco Rubio Fires Back At Reporter Asking About Trump's Tariffs
1. What did Marco Rubio say about Trump’s tariffs?
Marco Rubio defended President Trump’s tariffs, stating that markets are reacting, not crashing. He explained that companies reliant on cheap Chinese manufacturing are seeing stock price declines, but once businesses adapt to the new trade policies, the markets will stabilize.
2. Why did Rubio say the tariffs are necessary?
Rubio argued that the U.S. must return to being a country that manufactures and exports goods, rather than primarily offering services and importing products. He emphasized that the current global trade system benefits other nations at America's expense and needs to be reset.
3. How do these tariffs impact businesses and the stock market?
In the short term, businesses that depend on low-cost foreign manufacturing—especially in China—will see disruptions. This has led to market volatility. However, Rubio insisted that once companies adjust to the new trade environment, stock markets will recover.
4. What does Rubio say about China’s role in global trade?
Rubio criticized China’s trade policies, accusing the country of flooding global markets, distorting competition, and blocking U.S. exports. He supported Trump’s tariffs as a way to counteract these unfair practices.
5. How will this tariff policy affect American consumers?
While some short-term price increases on imported goods are possible, Rubio and the Trump administration believe that in the long run, domestic manufacturing will grow, leading to stronger job creation and a more self-sufficient economy.
6. Will the markets recover from the tariff-related downturn?
According to Rubio, yes. He stated that as soon as businesses and investors understand the new trade policies, they will adjust and stabilize. He also predicted that the U.S. economy will ultimately benefit from this shift.
7. What’s next for Trump’s tariff policy?
The tariffs will be implemented immediately, with further adjustments expected based on their economic impact. The Trump administration remains committed to reshaping trade policies to prioritize American industries and workers.
Comments
Post a Comment
If You have any doubt, please let me know.