Despite the drop in stocks on the stock market, Vance touted the duties

The Vice President of the United States, J. D. Vance, spoke positively about the introduction of tariffs, despite the massive stock market sell-off. He made the corresponding statement on Thursday, April 3, in an interview with the Newsmax TV channel.

We [the administration of US President Donald Trump] feel good. The situation on the markets could be worse, because this is a serious transition period. You heard what the president said earlier today: it's like dealing with a patient who was very ill. We've had surgery, and now it's time to make the patient feel better. And that's exactly what we're doing," Vance said.

According to the politician, soon after the "bad day" the stock market will grow in the long term.

In addition, the vice president said that the tariffs could have been even higher, but it was decided to "be kinder and give in."

"We care most about American workers and American small businesses. And they are the ones who will really benefit from this policy," Vance concluded.

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On April 3, Trump imposed duties on imports of goods from the European Union and some other countries. Russia is not on the list. The measures will affect not only the EU (20%), but also China (34%), Vietnam (46%), Israel (17%), Indonesia (32%), Cambodia (49%), Malaysia (24%), South Korea (25%), Thailand (36%), Taiwan (32%), Switzerland (31%), Japan (24%) and other countries.

At the same time, the American leader estimated the country's benefits from the increase in import duties at $6-7 trillion.