West Palm Beach, Florida (AP) – President Donald Trump is rejected business concerns on uncertainty caused by its tariffs planned for a range of American business partners and the prospect of higher prices, and is not excluded the possibility of a recession This year.
After having imposed, then quickly interrupted 25% prices on imports from Mexico and Canada which sent markets that relaxed on the concerns of a trade war, Trump said that his plans for more broadly “Reciprocal” prices will come into force on April 2, raising them to correspond to what other countries assess.
“On April 2, everything becomes reciprocal,” he said in an interview with “Sunday Morning Futures” by Fox News Channel. “What they charge us, we invoice them.”
Asked about the ATLANTA FED warning of an economic contraction in the first quarter of the year, Trump apparently recognized that his plans could affect American growth. However, he said, it would ultimately be “brilliant for us”.
AP correspondent Julie Walker reports that President Trump minimizes business problems concerning the uncertainty of his prices and higher prices.
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 do is very large. We bring the wealth in America. It’s a great thing. He then added: “It takes a little time. It takes a little time.
At Wall Streetit was a difficult week with wild swings dominated by the concerns of the economy and uncertainty On what Trump’s prices.
Trump has dismissed the concerns of companies looking for stability when they make investment decisions. He said that “for years the globalists, the great globalists have snatched the United States” and that now, “all that we are doing is recovering a game, and we will treat our country fairly.”
“You know, the prices could increase over time, and they can go up and, you know, I do not know if it is a predictability,” said the republican president.
Trump raised the prices of Mexico and Canada last week last week on American car manufacturers, then practically all imports in the United States, but kept them on goods from China.
Other prices arrive this week, the secretary of commerce, Howard Lunick, told NBC “Meet the Press” that the 25% prices on imports in steel and aluminum will take effect on Wednesday. Lutnick said Trump’s threatened tariffs on Canadian dairy and wood will be waiting in April.
“Will there be distortions?” Of course, ”said Libnick. “Foreign products can become a little more expensive. But American goods will become cheaper, and you will help the Americans by buying Americans. »»