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State Department: Markets reacting to tariff reset, not collapsing economies
Summary
At a State Department briefing, the Secretary of State defended the administration's tariffs as a reset of global trade rules and said markets are reacting—not national economies collapsing—while urging clarity for businesses.
The Secretary of State said Thursday that recent market declines reflect investors adjusting to a sudden shift in trade rules rather than widespread economic collapse. "If you're a company and you make a bunch of your products in China ... your stock is gonna go down," the secretary said, adding that markets will adjust once the rules are clear.
The administration frames higher tariffs as a deliberate effort to "reset the…
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