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President Trump downplayed a significant stock market drop, attributing it to short-term fluctuations and ongoing trade negotiations. Treasury Secretary Bessent echoed this sentiment, expressing confidence in reaching beneficial trade agreements within 90 days. The market plunge followed earlier surges driven by temporary tariff reductions, excluding China. Trump remains firm on using tariff revenue for national priorities, warning of higher tariffs if deals aren't reached, while expressing optimism about future trade agreements, despite acknowledging transitional challenges.

Prepared by Christopher Adams and reviewed by editorial team.