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Donald Trump refused to exclude either a recession or higher inflation while rejecting business concerns on a lack of clarity on the prices, after a tumultuous week during which he raised elements of his aggressive commercial program.
The president insisted that the industry had “a lot of clarity” and was unleashed at “Soundbite (s)” of companies expressing their confusion on his plans.
“They always say that – it’s like almost a soundbit – they always say that:” We want clarity “,” said Trump in an interview on Fox News on Sunday.
“It seems good to say, but for years, the globalists, the great globalists, has snatched the United States. They have removed money in the United States, and all that we are doing was recovering a game. »»
The president refused to exclude a recession that struck the American economy this year after the Atlanta Fed warned against an economic contraction in the first quarter of the year.
“I hate to predict things like that. There is a transition period, because what we do is very large. We bring the wealth in America. It’s a great thing, and there are always periods, it takes a little time. »»
When asked if the prices could feed inflation again, Trump said, “You can get it. In the meantime, guess what? Interest rates are down. »»
The comments come after a week of filming and a sale of equity markets when the markets rushed for more clarity on the Trump’s Brew War and the companies have warned of the price increase.
The president imposed prices of 25% at all levels on imports from Canada and Mexico Tuesday before going back later in the week.
On Wednesday, he granted manufacturers the manufacturers of samples size and extended on Thursday to all the goods that respect the rules of the USMCA 2020 free trade agreement. Distinct prices of 25% on imports of steel and aluminum should come into force this week.
The samples have already caused significant upheavals On the market, as companies, storage of materials, examine operations and prepare to increase prices. Trump reiterated that prices could increase in the future.
“The prices could increase over time. They can go up, I don’t know if it’s predictability, “he said.
Trump said in the interview he had “wanted to help American car manufacturers” this week, but insisted that no room for maneuver would be shown on reciprocal rates that should be imposed next month.
“I gave them a short break for a short time. . . It’s a transition to April, and after that, I don’t do that. . . I told them, I said: Listen, I will do it once but, after that, I don’t. “”
Sunday, separately, Howard Lutnick, Trump trade secretary, conceded that certain prices would cause inflationary pressures, echoing the warnings of Trump from “A little disturbanceWhen he addressed Congress on Tuesday.
“So, will there be distortions?” Of course, foreign products can become a little more expensive, but American products will become cheaper, “Larick told NBC Meet the press.