Trump offers counsel to countries unhappy with US tariffs
The US president has described the taxes he has implemented on many nations as “appropriate,” dismissing worries regarding falling stock markets. President Donald Trump has suggested that countries finding US tariffs on their goods excessively...
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The US president has described the taxes he has implemented on many nations as “appropriate,” dismissing worries regarding falling stock markets.
President Donald Trump has suggested that countries finding US tariffs on their goods excessively high can simply halt business with America. He asserted that his recent trade policies have strengthened the US, claiming they bring in “billions of dollars a day” to the country.
On Wednesday, the president enforced increased “reciprocal” tariffs on nearly 90 nations but later announced a 90-day pause along with a “substantially lowered Reciprocal Tariff during this period, of 10%” in a post on his Truth Social platform. However, China is not included in this pause, as the US continues a tit-for-tat tariff escalation, resulting in most of Beijing’s imports facing a 145% duty.
While speaking to reporters aboard Air Force One on Friday, Trump stated, “ultimately, we pretty much can do what we want to do.” He elaborated, “We can set the tariff, and they can choose not to deal with us, or they can choose to pay it,” adding, “if they think it’s too high, they don’t have to do business with us.”
Trump emphasized that the tariffs he has imposed are “appropriate,” suggesting, “there could be a couple of exceptions for obvious reasons, but I would say 10 percent is a floor.” He also dismissed concerns regarding market instability following his trade policies.
“The bond market’s going good. It had a little moment but I solved that problem very quickly. I’m very good at that stuff,” the president claimed. When questioned about whether he was worried that the extensive tariffs might negatively influence the dollar's worldwide standing, Trump responded that it will “always” remain the “currency of choice.” Regarding countries seeking to reduce their reliance on the US dollar, he stated, “I would tell you that within about one phone call they would be back on the dollar.”
At a National Republican Congressional Committee dinner on Tuesday night, Trump remarked that many countries “are calling us up, kissing my ass” to find a resolution to the tougher tariffs.
Trump's recent actions sent shockwaves through US stock markets, which saw losses amounting to trillions of dollars in just a few days. However, his decision to retract tariffs for most nations to a “baseline” 10% led to a market rebound shortly thereafter.
Max Fischer for TROIB News
President Donald Trump has suggested that countries finding US tariffs on their goods excessively high can simply halt business with America. He asserted that his recent trade policies have strengthened the US, claiming they bring in “billions of dollars a day” to the country.
On Wednesday, the president enforced increased “reciprocal” tariffs on nearly 90 nations but later announced a 90-day pause along with a “substantially lowered Reciprocal Tariff during this period, of 10%” in a post on his Truth Social platform. However, China is not included in this pause, as the US continues a tit-for-tat tariff escalation, resulting in most of Beijing’s imports facing a 145% duty.
While speaking to reporters aboard Air Force One on Friday, Trump stated, “ultimately, we pretty much can do what we want to do.” He elaborated, “We can set the tariff, and they can choose not to deal with us, or they can choose to pay it,” adding, “if they think it’s too high, they don’t have to do business with us.”
Trump emphasized that the tariffs he has imposed are “appropriate,” suggesting, “there could be a couple of exceptions for obvious reasons, but I would say 10 percent is a floor.” He also dismissed concerns regarding market instability following his trade policies.
“The bond market’s going good. It had a little moment but I solved that problem very quickly. I’m very good at that stuff,” the president claimed. When questioned about whether he was worried that the extensive tariffs might negatively influence the dollar's worldwide standing, Trump responded that it will “always” remain the “currency of choice.” Regarding countries seeking to reduce their reliance on the US dollar, he stated, “I would tell you that within about one phone call they would be back on the dollar.”
At a National Republican Congressional Committee dinner on Tuesday night, Trump remarked that many countries “are calling us up, kissing my ass” to find a resolution to the tougher tariffs.
Trump's recent actions sent shockwaves through US stock markets, which saw losses amounting to trillions of dollars in just a few days. However, his decision to retract tariffs for most nations to a “baseline” 10% led to a market rebound shortly thereafter.
Max Fischer for TROIB News
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