Trump Responds to Stock Market Crash, Insisting Tariffs are the Only Cure
Original Title: "Trump Remains Tough: Tariffs Are the Only Savior for the US, Urgent Negotiations with Over 50 Countries Initiated, Lai Ching-te: Taiwan Will Not Retaliate, Reveals 5 Major Response Measures"
Original Author: Natalia Wu, BlockTempo
Due to the tariff policy causing turmoil in the US stock market and global markets, a nationwide anti-Trump wave erupted last week with 500,000 people taking to the streets to protest. However, Trump still stuck to his stance on tariffs. Trump responded on Monday: "I did not intend to crash the stock market, but sometimes you have to take medicine to cure the illness."
US President Trump announced last week that he would implement "reciprocal tariffs" on multiple countries, including Taiwan, leading to severe turbulence in the global financial markets. US stock futures opened this morning with a sharp drop, with the Dow futures plummeting 1822 points at one point, a 4.7% decline. S&P 500 and Nasdaq 100 futures also plunged more than 5% simultaneously, with the VIX panic index soaring above 45, the third highest level since the 2008 financial crisis and the 2020 COVID-19 pandemic.
Taiwan's stock market, which escaped a downturn last week due to the holiday, also opened with a sharp drop today, falling 2085 points at one point to a low of 19212 points (or 9.8%), marking the largest intraday drop in history. Other Asian stock markets including the Nikkei, A-shares, and KOSPI also plummeted in early trading, triggering circuit breakers.
台股当前走势
In the cryptocurrency market, Bitcoin plunged to $77,000 this morning, with the total liquidation volume in the cryptocurrency market in the past 24 hours exceeding $890 million, resulting in over 299,000 people being liquidated. At the same time, gold, as a safe-haven asset, was not spared as spot gold briefly fell below $3000 this morning.
Investors' risk-off sentiment drove the Japanese yen and the Swiss franc, two major safe-haven currencies, higher. The yen surged 2.27% in the past 5 days to 146.584 yen per US dollar, while the Swiss franc rose over 3% during the same period.
Trump: I Did Not Intend to Crash the Stock Market...
Due to the tariff policy causing turmoil in the US stock market and global markets, a nationwide anti-Trump wave has erupted in the US with over 500,000 people participating in 1200 protest rallies last week, chanting to have Trump Hands Off.
However, Trump still stuck to his stance on tariffs. This morning, he posted on his own social media platform, Truth Social, emphasizing that "tariffs are a very beautiful thing," stating that they are bringing in billions of dollars in revenue for the US, aiming to address the huge trade deficits with China, the EU, and many other countries. He firmly claimed that tariffs are the only solution to the trade imbalance.
According to Bloomberg on Monday, Trump told reporters on Air Force One on Monday:
"I didn't intend to crash the stock market, but sometimes you have to take medicine to cure the illness."
Trump also said he had spoken with several unnamed national leaders. He reiterated that the purpose of imposing tariffs is to completely eliminate the U.S. trade deficit.
"They want very much to make a deal, and I said, 'We won't have a trade deficit.' We won't do it because to me, a trade deficit is a loss. We will have a surplus, or at least we'll have a balanced budget in the worst case. "
"We have to deal with our trade deficit, especially with China's trade deficit. I won't make a deal unless we reduce the trade deficit with China. I hope this issue can be resolved. "He said, "China is suffering a huge blow now because everyone knows we are right."
Trump also turned his attention to Europe, even stating that he not only wants trade balance but also compensation:
"We imposed high tariffs on Europe. They come to the negotiating table, they want to negotiate, but the negotiations won't take place unless they pay us a large sum of money every year."
When asked about the public's concerns that tariffs would lead to a rebound in inflation, Trump simply responded, "I don't think inflation will be a big problem."
Trump Vows to Reverse Trade Deficit with Tariffs
A White House economic official revealed that more than 50 countries have called the White House seeking negotiations to ease the impact. However, Commerce Secretary Lutnick emphasized on the CBS program "Face the Nation" that Trump is "not kidding," and Trump's tariff strategy will take effect on April 9 and will not be postponed, "will definitely be implemented for days or even weeks."
Lutnick is optimistic that tariffs will stimulate the reshoring of manufacturing. He revealed in an interview with CNBC on the 3rd that semiconductors are not currently included in the tariff, but Trump plans to move their manufacturing from Taiwan back to the U.S. and may impose targeted tariffs in the future.
More than 50 countries worldwide are racing against time, trying to persuade Trump to "spare the knife," but Trump is firm, saying, "No deal unless the trade deficit disappears." Experts warn that this tariff war may trigger a chain reaction, dragging down global growth, with no immediate relief in sight.
You may also like

Key Market Information Discrepancy on January 19th - A Must-Read! | Alpha Morning Report

Predicting the market does not predict the truth; it simply rewards those who guess right

Delphi Digital's Top 10 Predictions for 2026: Perp DEX Eats Wall Street, AI Agents Usher in Era of Autonomous Trading
X Pulls the Plug — the Era of “Talking Your Way to Traffic” Comes to an End.
Other people’s traffic will always belong to them—not to you.

First Zero, First Revival: A Real Story from the WEEX Global AI Trading Hackathon Preliminary Round
WEEX Labs, the innovation arm of the global crypto exchange WEEX, launched the preliminary round of its flagship AI trading hackathon, AI Wars: WEEX Alpha Awakens, on January 12, 2026. Backed by world-class sponsors including AWS, the prize pool has reached $1.88 million, with a Bentley Bentayga S awaiting the champion in Dubai. Already, 788 elite teams worldwide are battling for a spot in the finals. This is more than a hackathon — it is a real-market stress test for AI trading. Registration remains open until January 18. If you want your AI to face real volatility, this is your moment.

AI Wars: WEEX Alpha Awakens – Insights, Top Strategies, and Real-Market Execution Takeaways
WEEX Labs has officially launched the preliminary round of its global AI trading hackathon, AI Wars: WEEX Alpha Awakens, bringing together hundreds of elite teams to compete in real-market conditions. With a record-breaking $1.88 million prize pool and backing from top-tier sponsors like AWS, the event has quickly become a global proving ground for AI-powered trading strategies. As competition intensifies and standout teams emerge on the leaderboard, the hackathon not only showcases cutting-edge AI execution and risk management, but also offers valuable insights and inspiration for traders looking to build or refine their own AI-driven systems.

WEEX P2P now supports Polish zloty (PLN)—new users and merchant rewards
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Polish Zloty (PLN) is now available on WEEX P2P!

Layoffs of 30%, But Spending $250 Million to Buy a Company - What Is Polygon Thinking?

Sentient Reveals Tokenomics, How Will the Market Price It?
AI in the Crypto Market: How Artificial Intelligence is Changing Trading Strategies
This article explores how AI contributes to these movements and share practical strategies to help you navigate an AI-powered crypto market.

Yen Weakness Nears Inflation Red Line: Bank of Japan May Be Forced to Hike Early

Cross-chain Collaboration: Tom Lee Invests $200 Million, Joins Forces with Global Top Streamer Mr. Beast

Interactive Brokers Integrates USDC, US Bank Questions Stablecoin, What's the Overseas Buzz?

Trump Waves Hand, Stirs Venezuela's Game Hurricane

The Genius Stopping Law: Why Did Coinbase Backpedal at the Eleventh Hour?

Fact Check: How Much Money Did the University of Chicago Lose in its Crypto Investment?

Rumor has it that Coinbase is set to acquire Farcaster, still an Acquihire.

VanEck Q1 Market Outlook: Long-Term Bullish on Cryptocurrency, Strong Gold Demand
Key Market Information Discrepancy on January 19th - A Must-Read! | Alpha Morning Report
Predicting the market does not predict the truth; it simply rewards those who guess right
Delphi Digital's Top 10 Predictions for 2026: Perp DEX Eats Wall Street, AI Agents Usher in Era of Autonomous Trading
X Pulls the Plug — the Era of “Talking Your Way to Traffic” Comes to an End.
Other people’s traffic will always belong to them—not to you.
First Zero, First Revival: A Real Story from the WEEX Global AI Trading Hackathon Preliminary Round
WEEX Labs, the innovation arm of the global crypto exchange WEEX, launched the preliminary round of its flagship AI trading hackathon, AI Wars: WEEX Alpha Awakens, on January 12, 2026. Backed by world-class sponsors including AWS, the prize pool has reached $1.88 million, with a Bentley Bentayga S awaiting the champion in Dubai. Already, 788 elite teams worldwide are battling for a spot in the finals. This is more than a hackathon — it is a real-market stress test for AI trading. Registration remains open until January 18. If you want your AI to face real volatility, this is your moment.
AI Wars: WEEX Alpha Awakens – Insights, Top Strategies, and Real-Market Execution Takeaways
WEEX Labs has officially launched the preliminary round of its global AI trading hackathon, AI Wars: WEEX Alpha Awakens, bringing together hundreds of elite teams to compete in real-market conditions. With a record-breaking $1.88 million prize pool and backing from top-tier sponsors like AWS, the event has quickly become a global proving ground for AI-powered trading strategies. As competition intensifies and standout teams emerge on the leaderboard, the hackathon not only showcases cutting-edge AI execution and risk management, but also offers valuable insights and inspiration for traders looking to build or refine their own AI-driven systems.