The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. On Sunday, ABC's "This Week" anchor George Stephanopoulos pressed White House National Economic Council Director Kevin Hassett about Trump reposting a video that said he was tanking the markets to force the Fed to lower interest rates.

President Donald Trump's tariffs were expected to be a problem for markets and the economy, but a manageable one. What actually emerged, though, has been economic and geopolitical mayhem. Markets recoiled at the developments,

President Donald Trump is sounding an upbeat note about his tariffs even as the stock market reacted by falling more than 1,600 points.