The U.S. President said he wasn't concerned about the sell-offs, adding, “sometimes you have to take medicine to fix something.”

Global markets nosedived after US President Trump's tariff announcement, fueling recession fears. US stocks lost over $5 trillion, with the Dow Jones Industrial Average plummeting 1,200 points.

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy will emerge...