World tariffs are unlikely to fall, but “could go up”, US president Donald Trump he says.
In an interview with Fox News manager Maria Bartiromo on Sunday, Trump extinguished the fear of a sudden recession after a tumultuous week for the American Stock Exchange, while investors fought with the further uncertainty of Trump’s tariffs.
Trump has excluded certain products that are traded in accordance with free trade rules in North America Thursday. In the hours that followed, the S&P 500 had its worst trading day of the year, while Nasdaq fell 2.6 percent and the industrial average Dow Jones dropped by 1.0 percent.
Speaking to the fall of the stock market, Trump said he would “have a disorder now, but we’re fine with that.”
Trump’s trade war and her catastrophic influences on the American economy
Asked by Bartiromo why he paused with some tariffs, Trump said, “I wanted to help Mexico and Canada,” and also wanted to “help American car manufacturers.”
“We are a big, big country and they work a lot with us, while in our case it is much less significant. We work with Canada compared to Canada,” Trump said.
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“I thought it would be fair to do, so I gave them a little time for a short time.”
Bartiromo pressed because of the concern that his policies – especially his lack of clarity on tariffs – led to the recession, Trump rejected, saying that “the tariffs could have passed as time passed.”
“Maybe we’ll go with some tariffs, I don’t think we’re going to get down, but we may go up and, but, you know, they have a lot of clarity. They just use it. It’s like, almost sound bites. They always say that:” We want clarity. “
Canadian Milky Milk, Wood supply under threat of Trump as a trade war escalant
Trump said on Friday that he would even bring new tariffs on Canadian milkman and lumber This corresponds to the “terribly high” duties that Canada is charging to ship these products to the US
Tariffs, if established, they seem to be separated from the so -called reciprocal tariffs that Trump plans to start imposing on April 2, which will harmonize all tariffs on products that other countries sell to the US
They would also be at the top of 25 percent of tariffs on Canadian goods and 10 percent of the duties on Canadian energy that began on Tuesday.
When asked by Bartiromo about “growing worries for slowing down,” Trump said, “I hate to predict such things. There is a transitional period, because what we do is very big. We return wealth to America. This is a big deal. And there are always periods – but I think it should be great for us.”
& Copy 2025 Global News, Corus Enterinment Inc.
