Since taking office in January, Trump has unleashed a series of tariffs and threats targeting US allies and adversaries, including duties of up to 25 percent on imports from Canada and Mexico.
But he has vowed broader “reciprocal tariffs” as soon as April 2, aimed at remedying practices that Washington deems unfair.
“They’ll be met with the exact same tariff unless they drop it, and that’s what reciprocal means,“ the president added.
Economists warn that blanket levies could weigh on US growth and raise inflation, adding that they also weigh on business and consumer sentiment.
Rising tariffs?
Asked if companies might get more clarity on his trade policies, Trump said: “I think so. But, you know, the tariffs could go up as time goes by.”
“The uncertainty is created by the fact that people don’t take President Trump at his word,“ he said.
On Thursday, the White House said adjustments exempting goods under the United States-Mexico-Canada Agreement (USMCA) recognize “the unique impact that these tariffs could have on American automotive manufacturers.”
For Mexico, the proportion of imports affected is around 50 percent, the official added on condition of anonymity.
“Under the agreement, we estimate that we will reach very close to 90%...of all types of products,“ he told a press conference.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump says dairy, lumber tariffs on Canada may come soon )
Also on site :