West Palm Beach, Florida – West Palm Beach, Florida (AP) – President Donald Trump It is to say goodbye commercial concerns About him uncertainty caused by their planned tariffs in a variety of US business partners and the perspective of higher prices, and does not rule out the possibility of a recession This year.
After imposing and then quickly stopping 25% tariffs in imports from Mexico and Canada that sent the markets for concerns of a commercial war, Trump said his plans for broader “Reciprocal” tariffs It will enter into force on April 2, which will raise them to coincide with what other countries evaluate.
“On April 2, everything becomes reciprocal,” he said in an interview recorded with “Sunday Morning Futures” by Fox News Channel. “What they charge us, we charge them.”
When asked about the warning of Atlanta’s Fed of an economic contraction in the first quarter of the year, Trump apparently acknowledged that his plans could affect the growth of the United States. Even so, he said, it would ultimately be “great for us.”
When asked if he expected a recession in 2025, Trump replied: “I hate to predict things like that. There is a transition period because what we are doing is very large. We are bringing wealth back to America. That is a big thing. “Then he added:” It takes a little time. It takes a little time. “
In Wall StreetIt was a Difficult week with wild swings dominated by concerns about the economy and uncertainty On what Trump the rates.
Trump put aside the concerns of companies that seek stability while making investment decisions. He said that “for years the globalists, the great globalists have been cheating to the United States” and that now, “all we are doing is recovering something, and we will treat our country fairly.”
“You know, tariffs could go up as time passes, and they can go up and, you know, I don’t know if it is predictability,” said the Republican president.
Last week, Trump raised the tariffs of Mexico and Canada to American car manufacturers, and then practically all imports to the US, but kept them in products from China.
This week they will arrive more rates, with the Secretary of Commerce Howard Lutnick saying that “Meet The Press” of NBC that 25% of the rates on steel and aluminum imports will enter into force on Wednesday. Lutnick said Trump’s threatened tariffs on Canadian dairy and wood, although they would wait until April.
“Will there be distortions? Of course, “said Lutnick.” Foreign goods can be a bit more expensive. But American goods will become cheaper, and you will help Americans buying Americans. “
