US President Donald Trump’s Commerce Secretary says that it would be “valuable” even if the American economy is in a downturn in view of the tariff on foreign goods.
However, in an interview that was aired on Tuesday night, CBS News told CBS News that the increasing number of economists do not expect a downturn despite raising concerns.
“These policies are the most important thing in the United States,” he asked if the recession was worth the risk.
“So it’s worth it,” the interviewer Nancy Cord asked in response.
“It’s worth it,” the lootnik replied, quickly added: “The only reason for Biden to be there is just because of the recession we had to live with.”
J.P. Morgan’s chief economist on Wednesday told reporters that due to “intense concerns” about the economy, about 30 percent of the investment bank investment bank’s last official forecast of the bank this year is the US this year. There is a probability of a slowdown.
Bruce Kasman said the risk of recession would increase, perhaps 50 percent or more, if Trump threatened to impose from April 2, the reciprocal tariff will be implemented in a meaningful way.
“If we continue this way of what the more disturbing, business-friendly policies will be, I think the risks on those recession fronts will increase,” Kasman said.
Morgan Stanley and Goldum Sachs SS also also in the U.S. Therefore, their 2025 economic growth forecast was reduced, in which the Goldem Sachs SC increase its own recession rating from 15 percent to 20 percent to 20 percent. Both banks cited tariffs in their revised reports.
Trump’s echoes Lootnik has convicted past economic policies and inflation for overall downturn in the financial markets that started last week, while tariffs were implemented on Canada and Mexico.
Trump has since announced exemption for automakers and other goods in North America that falls under free trade rules, and impose new universal duties on steel and aluminum that came into force on Wednesday, adding more uncertainty to businesses and investors.
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On Tuesday, Trump threatened to double the double steel and aluminum tariffs per cent for Canada, while NT Natario imposed a export tax on electricity sold to the US states and said exports could be completely cut off, only for both parties to return by the end of the day.
After Trump’s trade wars began, consumers’ confidence and inflation predictions have also cooled down, which Lootnik said Biden was a mistake and did not reflect Trump’s decisions.
“Sorry that Biden has left us a horrible number,” he said. “Sorry Donald Trump can fix them only when he is in the Office Fissure. You can try to pin them before you were in Office Fissure, I can get it. It’s nonsense.
“Let Donald Trump’s policies rule, and you will see the resurrection and growth and largest set of buildings in the United States America at the end of the year.”
Lootnik rejected questions about the potential downturn and inflation risk in an interview with the Fox business on Wednesday.
“Inflation comes from printing more money to the government,” he said. “You do not get inflation because of a tariff, because what a tariff says is if it is made in Europe, if it is made foreign, it can cost a little more, but does not cost much what is made in the United States.”
He claimed that more steel and aluminum plants would be made in the United States to meet domestic demand, but he did not say how long it would take.
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At the White House on Wednesday, Trump pushed the suggestions that his and N-Tar Fariff policies and liberation were causing “inconsistencies” for businesses leading to turmoil in the market.
He said, “I have the right to adjust. “I was called by automakers [General Motors, Stellantis and Ford] And they asked me to favor them – can I delay it for a four -week period so that they don’t get into a little disaster for them.
“It’s called flexibility.”
NT Natario Premier DG Ford and Federal Finance Minister Dominic Leblenk are ready to meet with other officials of the Lutnik and Trump Administration at the White House to travel to Washington Shington on Thursday.
Lootnik told Fox that he expected the conversation with Canada to “have the opportunity to lower the temperature” – the language Leblank would also be used when talking to reporters with Ford in Toronto on Wednesday.
Ford also said that he wanted the end of the front and front tariffs.
He said, “I want to find out where their bar is set.” To reconsider the Canada-United States-Mexico Agreement (CUSMA), “Instead of moving the goalpost, I want to find out how quickly you want to move and what their needs are.”
The lootnic added to the Fox that the Trump administration would wait to negotiate with “the rest of Canada” after the next federal election, which could be called quickly after the new Liberal leader Mark Karne was sworn in as the Prime Minister.
Carney is likely to be sworn in on Friday.
Karne said Wednesday in Hamilton that if he shows “respect for Canadian sovereignty” and is willing to take a “general approach, a more comprehensive approach to trade”, he is willing to meet with Trump.
“We firmly believe that in a world full of geographical political and economic uncertainties, it is not in our common interest in emphasizing our economies with tariffs.”
– with files of Reuters and Canadian Press
And Copy 2025 Global News, Department of Course Entertainment Inc.
