Trump: “Tariffs are Going Well, Everybody Wants to Negotiate”
US President Donald Trump says that his US tariff policy is going well so far, and that several countries want to negotiate new deals. Trump stated that the US is exploring trade deals with countries affected by the tariffs, including China and members of the European Union. Trump did not specifically say what other countries want to negotiate, but China and the EU are among those expected to be on that list.
In early April, the Trump administration unveiled a baseline 10% tariff on all nations. The increasingly aggressive economic policy was met with ire by some and with hope for negotiations by others. However, one thing is certain: while the self-created issue gets resolved, the US will be subjected to increasing economic uncertainty.
Tariffs Cause Unrest in US Economy
While the tariffs have been paused as new talks begin with several countries, the US economy remains in a state of uncertainty. Several economic experts suggested that a recession would be the outcome of tariffs resuming, however, Trump has doubled down that the tariffs are going well.
The US stock market has suffered greatly since March, with plenty of big-tech and US companies losing value at a frenzy. Many of these companies rely heavily on imports of resources and tools from outside the US, thus, the tariffs created plenty of negative buzz.
As a result, companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by Trump. Furthermore, companies like Apple and Honda are quickly developing plans to avert the tariffs through moving production or mass-importing resources before the tariffs resume. There is a 90-day pause in place for most countries before new tariffs hit, though tariffs for Chinese goods are now as high as 145%.
Also Read: President Trump Says US Will Make a Deal With China
Outside of Tariffs, President Trump has also recently called on Fed Chair Jerome Powell to lower interest rates. Indeed, the commander in chief took to his Truth Social platform to levy a slew of criticisms and concerns toward the bank head while calling him a “major loser.”
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US President Trump Calls for Fed Chair to Lower Interest Rates
Trump: “Tariffs are Going Well, Everybody Wants to Negotiate”
US President Donald Trump says that his US tariff policy is going well so far, and that several countries want to negotiate new deals. Trump stated that the US is exploring trade deals with countries affected by the tariffs, including China and members of the European Union. Trump did not specifically say what other countries want to negotiate, but China and the EU are among those expected to be on that list.
In early April, the Trump administration unveiled a baseline 10% tariff on all nations. The increasingly aggressive economic policy was met with ire by some and with hope for negotiations by others. However, one thing is certain: while the self-created issue gets resolved, the US will be subjected to increasing economic uncertainty.
Tariffs Cause Unrest in US Economy
While the tariffs have been paused as new talks begin with several countries, the US economy remains in a state of uncertainty. Several economic experts suggested that a recession would be the outcome of tariffs resuming, however, Trump has doubled down that the tariffs are going well.
The US stock market has suffered greatly since March, with plenty of big-tech and US companies losing value at a frenzy. Many of these companies rely heavily on imports of resources and tools from outside the US, thus, the tariffs created plenty of negative buzz.
As a result, companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by Trump. Furthermore, companies like Apple and Honda are quickly developing plans to avert the tariffs through moving production or mass-importing resources before the tariffs resume. There is a 90-day pause in place for most countries before new tariffs hit, though tariffs for Chinese goods are now as high as 145%.
Also Read: President Trump Says US Will Make a Deal With China
Outside of Tariffs, President Trump has also recently called on Fed Chair Jerome Powell to lower interest rates. Indeed, the commander in chief took to his Truth Social platform to levy a slew of criticisms and concerns toward the bank head while calling him a “major loser.”
Read More