US President Donald Trump has made it clear that he has not considered suspending tariffs at this time as international markets respond sharply to conflicting signals from the White House.
Despite global concerns about the impact of ongoing trade tensions, Trump has repeatedly reiterated the administration’s strict stance on tariffs, suggesting that they could be permanent, despite negotiations still on the table.
“We will reach a fair agreement with all countries,” Trump said at a press conference, “Trade with the EU is fair and mutually necessary, and the EU must purchase energy from us.” Trump also noted that he maintains strong ties with Japan, noting that bilateral relations remain positive despite growing global trade tensions.
The president’s comments came when he issued a new ultimate to China, demanding that retaliation tariffs be cancelled on US goods. Otherwise, Trump warned that new tariffs of up to 50% will come into effect from Wednesday. The statement raised concerns about the risk of a serious global economic downturn, particularly as Wall Street came to the end of another tumultuous day. Earlier that day, false news that tariffs could be suspended temporarily boosted market sentiment, but stocks and cryptocurrency fell again following Trump’s new threat.
Economic adviser Milan reflects Trump’s stance and said the president welcomes countries that are willing to remove trade barriers to US exports. Milan also said the administration believes its deregulation policies will help control inflation in the long term.
However, Milan acknowledged that no final decision was made on whether the trade contract would be reached before bilateral tariffs came into effect on April 9. “That decision depends solely on President Trump,” he said.
Fox News said trade negotiations are ongoing, focusing on the White House’s message aimed at shifting its communications strategy to stabilize financial markets.
*This is not investment advice.
