President Donald Trump suggested that Monday could temporarily release the auto industry the tariffs that previously applied In the sector, give carmakers to give time to adjust the supply chains.
“I look at something to help a part of the car companies,” Trump said that they gathered in the Oval Office for journalists. The President said that the cars needed to transfer the production of cars from Canada, Mexico and other places. “They need some time, because they will make them here, but it takes a while. So I’m talking about such things.”
Statement, another tour still pointed Revers on tariffs Because of the attack of Trump’s import taxes Panicked Financial Markets and Wall Street raised deep concerns of economists possible decline.
When Trump announces 25% automatic tariff on March 27, Trump described them as “permanent.” The hard-lines in trade have become increasingly blurry when trying to limit possible economic and political explosion.
Last week, then The bond market sells Pushing interest rates that increase US debts, Trump announced this It’s 90 days More extensive tariffs against dozens of countries will be installed on a 10% basis to give time to negotiations.
At the same time, Trump has increased Import taxes in China To 145%, only 20% of these tariffs, which are charged with 20% of these tariffs, temporarily relieve electronic electronics.
“I don’t change my mind, but I’m flexible,” said Monday.
The feeling of uncertainty and confusion related to the convenience, intentions and end goals of the Trump. The S & P 500 stock index has increased a bit in trade on Monday afternoon, but it has decreased by about 9% this year. Interest rates in the 10-year US Treasury notes rose to about 4.4% high.
Carl Tannenbaum, the chief economist for the global finance company in Northern Trust, said that he was so large, “he said,” he said.
Tannenbaum warned in an analysis: “Damage to the consumer, business and market belief can no longer be returned.”
European Commissioner for Commerce and Economic Security Maroš Šefčovič, on behalf of the European Union on Monday’s X. Trading Secretary Howard Lutnick and the United States Trade Representative Jamieson Greer dealt with trade talks.
“The EU remains constructive to a profitable agreement – up to 0-for-0 tariff proposal and our work on non-tariff barriers, and interact with our work, and interact with our work.
The US president also said that Apple CEO Tim Cook and talked to him “helped” recently. Many Apple products are stacked in China, including the popular iPhone.
Apple did not meet a Monday demand for comment on the latest swings in the Tariff Pendulum of the Trump Administration.
Last week, the freedoms of the electronic electronics are short-term, the temporary regulation provides a slight breath to determine the ways to minimize the effects of trade war in the United States
This perspective helped to increase the price price of Apple in the trade period in Monday afternoon. Again, he probably refused a part of a 7% growth, as investors have processed the likelihood of more tariffs for Chinese products in China in the coming weeks.
Wedbush said that the security of the securities was in a better position than Apple, Apple was in a better situation than a week ago, but he still warned that “mass uncertainty, chaos and the steps”.
The existing tariff apple can be examined in the disgrace, because it has been a long time in England for a long time in India, has begun its production.
Trump management claims that the Tariffs areolated by the United States in which the Tariffs are negotiating with other countries.
But China is also looking for Build strong relationships in Asia With the nations he hit with Trump’s tariffs. China’s leader, Xi Jinping, Vietnamese Communist Party Secretary General in Hanoi on Monday, came to Lam with his message that no one won in trade wars.
He asked about the meeting, Trump, said that the two nations are trying to understand how we are screwed up the United States to economic harm to the United States. “
-Josh Boak and Michael Liedtke, Associated Press
