President Trump says his new tariff plan is 'going very well' as stock markets plummet

President Trump says his new tariff plan is “going very well” and “markets are going to boom, the stock is going to boom, the country is going to boom," as stock markets fall and foreign leaders pledge retaliatory action; U.S. Ambassador to China nominee David Perdue testifies before the Senate Foreign Relations Committee about trade with China in light of the new tariffs; U.S. Senate starts work on the Budget Resolution, the legislative vehicle for enacting the republican agenda of tax cuts, spending cuts, border security, energy promotion and increased defense spending; Secretary of State Marco Rubio attends a NATO foreign Ministers meeting in Brussels, saying the U.S. is still fully engaged with the national security alliance; two resolutions to block some U.S. arms sales to Israel fail in the U.S. Senate; New York City Mayor Eric Adams says he will run for reelection not as a Democrat, but as an independent.

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