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Worldwide taxes are unlikely to come along, but” may get up”, U. S. President Donald Trump says. In an interview with Fox News host Maria Bartiromo on Sunday, Trump tamped down worries of a looming crisis after a stormy week for the U. S. stock market as traders grappled with more doubt from Trump’s taxes. Trump exempted selected goods traded under North American completely trade regulations on Thursday. In the days that followed, the S&, P 500 had its worst investing day of the year, while the Nasdaq plunged 2.6 per share and the Dow Jones Industrial Average fell by 1.0 per share. Addressing the stock market tumble, Trump said that the U. S. is “going to have a disturbance, but we’re okay with that” .2: 04
Trump’s trade conflict and its catastrophic effect on the U. S. economyWhen asked by Bartiromo why he paused some taxes, Trump said” I wanted to help Mexico and Canada to a certain extent”, and he had even wanted to “help American auto companies”. ” We’re a big, big country and they do a lot of their business with us, whereas in our case it’s much less significant. We do very little with Canada by assessment”, Trump said. ” I thought it would be a good thing to do and so I gave them a little bit of a tear for a short period of time “.Pressed by Bartiromo about worry that his policies—particularly his lack of clarity on tariffs—may result to a crisis, Trump dismissed it by saying” the tariffs may go up as time goes by”. ” We may come up with some levies, I don’t think we’ll come over, but we may go away and but, you know, they have plenty of quality. They just use that. That’s like, about a sound bit. They often say that,’ We want quality. ‘” Trending Now
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Canada’s cheese, hardwood provide under threat by Trump as trade conflict escalatesTrump said Friday he will also soon bring in new tariffs on Canadian cheese and firewood that match the” tremendously high” tasks he says Canada charges for shipping those products to the U. S. The tariffs, if instituted, appear to be separate from the so-called reciprocal tariffs Trump is planning to start imposing on April 2, which will suit all tariffs on products sold by other countries to the U. S. They would also be on top of sweeping 25 per cent tariffs on Canadian goods and 10 per cent duties on American power that began on Tuesday. When asked by Bartiromo about “rising worries about a slowdown”, Trump said:” I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of – it takes a little time– but I think it should be great for us” .&, copy 2025 Global News, a division of Corus Entertainment Inc.
