West Palm Beach, Fall. – President Donald Trump is rejecting business concerns over the uncertainty created by his planned tariffs on a range of US trade partners and the possibility of high prices, and is not rejecting the possibility of recession this year.
After sending 25 % of taxes on imports from Mexico and Canada and sending it to markets to stop trade war concerns immediately, Trump said his plans for their wider “mutual” taxes would be implemented on April 2, and their other countries would be implemented.
“On April 2, it all becomes mutual.” He said in a taped interview with the Fox News Channel’s “Sunday Morning Futures”. “What do they pay for us, we charge them.”
Asked about the Atlanta Fed’s economic contraction in the first quarter of the year, Trump apparently acknowledged that his plans could affect US growth. Nevertheless, he claimed, eventually “would be great for us”.
When it was asked if he was expecting recession in 2025, Trump replied: “I hate predicting such things. There is a period of transfer because what we are doing is huge. We are bringing wealth back to America. This is a big thing.”
On Wall Street, it was a difficult week that dominated the economy’s problems with wild swings and uncertainty about Trump’s prices.
Trump has raised concerns from businesses seeking stability when he makes investment decisions. “For years, the globalists, the big globalists have been snatching the United States,” and now, “what we are doing is withdrawing some of it, and we are going to treat our country fairly.”
The Republican president said, “You know, the revenue can increase, and they can increase and, you know, I do not know if it is being predicted.”
Last week, Trump lifted the prices of Mexico and Canada over US car manufacturers, and then practically delivered all imports to the United States, but kept them on goods from China.
More revenue is coming this week, Commerce Secretary Howard Lotank told the NBC’s “Met the Press” that 25 % of the revenue on imports of steel and aluminum will be implemented on Wednesday. Lutink said that Trump’s Canadian dairy and timber were threatened with prices, though they would wait until April.
“What will happen? Of course,” Lutink said. “Foreign goods can be a bit more expensive. But American goods are cheaper, and you are helping Americans buy Americans.
