Trump doubles on the tariffs while stock tone: “will not bend”
US President Donald Trump talks to the press while meeting with General NATO General Mark Rutte at the White House oval office in Washington, DC, March 13, 2025.
Mandel Ngan | AFP | Getty Images
President Donald Trump On Thursday, he doubled in his escalating tariff plans, even while his economic plan continued to nibble on investors and contribute to the market passage.
“I will not bend at all,” Trump said when asked about his tariff plans during a meeting of an oval office with General Secretary of NATO Mark Rutte.
“We have been shabby for years and we will no longer be to be a break,” he said.
Trump especially said that he would not change his mind to bring the cleaning of the “reciprocal tariff” in other countries that set up trade obstacles to American goods. The White House said that the tariffs would be in effect 2. April.
He then singled out Canada, criticizing the best commercial partner for a long time and declaring, “We need nothing they have,” at the same time repeating his calls to turn the US north into a “51 state”.
Trump added, “There will be a little disorder, but it won’t be very long.”
Trump comments arrived because the main stock indexes continued to fall on Thursday, with S & P 500 drop 10% from recent highlights and intakes on correction territory.
Numerous analysts and business leaders have warned that Trump’s tariffs and its unpredictable use of them eat chaos in markets.
But Trump continued to betray New tariff threats This week, how he wants to return to the countries that revenge on his actions.
After the new US tariffs on the imports of steel and aluminum came into force on Wednesday, the European Union responded by announcing a plan for imposing 50% of Tariffs to import American whiskey and other US goods.
Trump shouted on Thursday morning, declaring that the stunning 200% of the EU alcohol exports would be stunned – including all wines and French champagne – unless the block gave up on countermeasures.
Earlier in the week, Trump threatened to double his tariffs on steel and aluminum from Canada, starting on Wednesday, in response to Ontari’s retaliation Chards of 25% On the export of electricity in the US
Prime Minister Ontario Doug Ford paused with counter -arts later, and Trump gave up the threat.