West Palm Beach, Florida (AP) – President Donald Trump It’s being rejected Business Concerns Above Uncertainty Caused by his planned tariffs with the scope of American trading partners Higher price, And it doesn’t rule out the possibility of recession this year.
Trump said his plan was broader after quickly suspending a 25% tariff on imports from Mexico and Canada that have overturned markets over trade war concerns. “Mutual” tariff It will come into effect on April 2nd and will be raised to match what other countries will appreciate.
“On April 2nd, it’s all going to be mutual,” he said in a recorded interview with Fox News Channel’s “Sunday Morning Futures.” “What they charge us, we charge them.”
Trump appeared to have an impact on US growth, as asked about the Atlanta federal government’s warning of economic contraction in the first quarter of the year. Still, he ultimately insisted that it was “great for us.”
Associated Press correspondent Julie Walker reports that President Trump has downplayed business concerns about his tariffs and uncertainty from higher price outlook.
When he questioned whether he was expecting a recession in 2025, Trump replied. “I hate predicting such things. We do have a transition period because it’s so big. We’re bringing wealth back to America. That’s a big deal,” he added. “It’s going to take a little time. It’s going to take a little time.”
On Wall Streetthat was A tough week and Wild swing I’m dominated by concerns about the economy Uncertainty About Trump’s tariffs.
Trump has been paying concerns from companies seeking stability when making investment decisions. He said, “Globalists, massive globalists have taken the US,” and now, “What we’re doing is going to get it back and treat our country fairly.”
“You know, tariffs can go up over time, and they may go up, and I don’t know if that’s predictable or not,” the Republican president said.
Trump lifted Mexico and Canada’s tariffs on American automakers last week, and since then lifted virtually all imports to the US, but retained goods from China.
More tariffs will be incurred this week, with Commerce Secretary Howard Lutnick saying that NBC’s “Meet the Press” and 25% tariffs on steel and aluminum imports will come into effect Wednesday. Lutnick said Trump’s threatened tariffs are threatened by Canadian dairy products and timber, but will wait until April.
“Are there any distortions? Of course, Latnic said. “Foreign products may be a little more expensive. But American products will be cheaper, and you will be helping Americans by buying Americans.”
