US President Donald Trump has made it clear that he is not considering suspending any tariffs at this time, as international markets react sharply to conflicting signals from the White House.
Despite global concerns about the impact of ongoing trade tensions, Trump reiterated his administration's tough stance on tariffs, suggesting they could be permanent even though negotiations are still on the table.
“We will reach a fair agreement with all countries,” Trump said at a press briefing, adding: “Trade with the EU must be fair and reciprocal, and the EU will have to buy energy from us.” Trump also noted the maintenance of a strong relationship with Japan, noting that bilateral relations remained positive despite rising global trade tensions.
The president’s comments come as he has issued a new ultimatum to China, demanding that it cancel retaliatory tariffs on US goods. Otherwise, Trump warned that new tariffs of up to 50% would go into effect starting Wednesday. The statement has raised concerns about the risk of a serious global economic downturn, especially as Wall Street has come to the end of another turbulent day. Earlier in the day, false news that the tariffs could be suspended briefly boosted market sentiment, but stocks and cryptocurrencies have fallen again following Trump’s renewed threats.
Economic adviser Miran echoed Trump's stance, saying the president welcomes any country willing to remove trade barriers to U.S. exports. Miran also said the administration believes its deregulatory policies will help control inflation in the long run.
But Miran admitted that no final decision had been made on whether any trade deal would be reached before bilateral tariffs come into effect on April 9. “That decision rests solely with President Trump,” he said.
Fox News reported that the White House has shifted its communications strategy to focus on messages aimed at stabilizing financial markets and said trade negotiations are ongoing.
*This is not investment advice.
