Trump Says ‘Be Cool’ as China, EU Retaliate Against US Tariffs

Donald Trump
Photographer: Al Drago/Bloomberg

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By Skylar Woodhouse and Bailey Lipschultz

April 9, 2025 at 1:57 PM UTC

Updated on

April 9, 2025 at 5:12 PM UTC

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President Donald Trump urged Americans to remain calm and continue investing, even as China and Europe announced retaliation that risks prolonging the trade war and tipping the economy into a recession.

Trump’s Wednesday comments indicated the White House is closely monitoring financial markets, which saw another day of stock volatility and a bond selloff after the highest US tariffs in more than a century took effect.