Tariffs ‘could go up,’ Trump says while allaying recession fears – National
Worldwide tariffs are unlikely to go down, but “could go up,” U.S. President Donald Trump says.
In an interview with Fox News host Maria Bartiromo on Sunday, Trump tamped down fears of a looming recession after a tumultuous week for the U.S. stock market as investors grappled with further uncertainty from Trump’s tariffs.Trump exempted certain products traded under North American free trade rules on Thursday. In the hours that followed, the S&P 500 had its worst trading day of the year, while the Nasdaq plunged 2.6 per cent and the Dow Jones Industrial Average fell by 1.0 per cent.Addressing the stock market tumble, Trump said that the U.S. is “going to have a disruption, but we’re okay with that.”
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