It is unlikely that world tariffs fall, but “could rise,” says the president of the United States, Donald Trump.
In an interview with the Fox News presenter, Maria Bartiromo, on Sunday, Trump withdrew the fear of an imminent recession after a tumultuous week for the United States stock market when investors dealt with greater uncertainty of Trump's tariffs.
Trump exempted certain negotiated products under the free trade rules of North America on Thursday. In the following hours, the S&P 500 had its worst negotiation day of the year, while the Nasdaq fell 2.6 percent and the Dow Jones Industrial Avenge fell 1.0 percent.
When heading to the fall of the stock market, Trump said that the United States “will have an interruption, but we agree with that.”
When Bartyrome asked him why he stopped some tariffs, Trump said: “He wanted to help Mexico and Canada to some extent,” and had also wanted to “help US cars manufacturers.”
“We are a big and big country and do many of their affairs with us, while in our case it is much less significant. We do very little with Canada compared, ”Trump said.
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“I thought it would be fair to do, so I gave them a little rest for a short period of time.”
Pressing by Bartyrome about the concern that his policies, particularly his lack of clarity about tariffs, can lead to a recession, Trump dismissed it by saying “tariffs could go up as time passes.”
“We can go up with some tariffs, I don't think we go down, but we can go up and, but, you know, they have a lot of clarity. They simply use that. That is like, almost a sound bite. They always say that, 'we want clarity.' “
Trump said Friday that he will also bring new tariffs on Canadian dairy and wood that coincide with “tremendously high” tasks that says Canada charges for sending those products to the United States.
The tariffs, if they are instituted, seem to be separated from the so -called reciprocal tariffs that Trump plans to begin to impose on April 2, which will coincide with all the rates of the products sold by other countries to the United States.
They would also be at the top of 25 percent tariffs on Canadian goods and 10 percent tasks on the Canadian energy that began on Tuesday.
When Bartiromo asked him about “ascending concerns about a slowdown,” Trump said: “I hate to predict things like that. There is a transition period, because what we are doing is very great. We are bringing wealth back to America. That is a great thing. And there are always periods of, it takes a little time, but I think it should be great for us.”
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