U.S. President Donald Trump said that sometimes you have to take medicine when asked about falling markets, adding that he was not intentionally engineering a market selloff, writes Reuters.

“I don’t want anything to go down, but sometimes you have to take medicine to fix something”, - Trump told reporters about Air Force One regarding the economic fallout from his sweeping tariffs. – “We have been treated so badly by other countries because we had stupid leadership that allowed this to happen”.

Asian markets were in for a rough start on Monday as Wall Street futures plunged and markets wagered the mounting risk of a U.S. recession could see U.S. rate cuts as early as May.

Trump showed no sign of backing away from his tariff plans: “What’s going to happen to the markets I can’t tell you. But our country is much stronger. I would not make a deal with Beijing unless the trade deficit with China is solved… Unless we solve that problem, I’m not going to make a deal”.

He added that he has spoken to European and Asian leaders on the tariffs rolled out by his administration, adding “they’re dying to make a deal”.