President Donald Trump on Monday suggested that he would temporarily release car industrythe tariffs he previously imposedIn the sector to give manufacturers the time to customize their supply chains.
“I look at something to help some of the car companies,” Trump told reporters who gathered at the Oval Office. The Republican president said that automakers need time to relocate production from Canada, Mexico and other places, “and they need a little time because they are going to do them here, but they need a little time. That’s what I talk about such things.”
Matt Blant, President of the US Automobile Policy Council, Association representing Ford, General Motors and StellantisHe said the group shared Trump’s goals to increase domestic production.
“There is an increasing awareness that wide tariffs can undermine our common goal – to create a flowering and growing American car industry, and that many of these supplies chains will take time,” Blant said.
Trump’s statement hinted at the next roundReturns on tariffsAs Trump press from import taxesPaniced financial marketsand caused deep problems with economists at Wall -RatePossible recession.
When Trump announced 25% of the authorship on March 27, he called them “permanent”. His tough trading lines are becoming more blurred as he sought to limit possible economic and political strikes from his policy.
Last week afterSales of Bond MarketTrump announced that Trump announced that Trump has toldWithin 90 daysIts wider tariffs against dozens of countries will be set at 10%to give time for negotiations.
At the same time, Trump has increasedTaxes on Import on ChinaUp to 145%, only temporarily releasing electronics from some of these tariffs, receiving these goods that are levied at 20%.
“I don’t change my mind, but I’m flexible,” Trump said on Monday.
Trump’s flexibility also caused a sense of uncertainty and confusion in his intentions and purposes. The S&P 500 stock index increased by 0.8% on Monday, but this year it still fell by almost 8%. Interest rates on 10-year Treasury were raised by about 4.4%.
Carl Tannenbaum, Chief Economist Northern confidence The global financial firm said that Whiplash was so great that he might have to “adapt to the neck”.
Tannenbaum warned in the analysis: “Damage to consumers, business and market trust can already be irreversibly.”
SHEFCHOVICH, European Commissioner for Trade and Economic Security, is located further X On Monday, on behalf of the European Union, he participated in trade negotiations with the secretary of trade Howard Lutnik and US trade representative Jamisan Grir.
“The EU remains constructive and ready for a fair deal, including reciprocity through our tariff proposal 0 to 0 on industrial goods and work on unverified barriers,” said Shafovich.
US president also said he was talking Apple Recently, CEO Tim Cook and “helped”. Many Apple products, including its popular iPhone collected in China.
Apple did not respond to a request on Monday about a comment on the latest heat in the Trump administration’s tariff.
Even if last week editions provided by electronics last week
This prospect helped raise Apple’s shares on Monday 2%. However, the shares have abandoned some of their earlier 7% increase, as investors have processed the possibility that the iPhone could still be overcome by more tariffs for Chinese products in the following weeks.
The Wedbush Securities analyst Dan Jus said Apple is clearly in a much better position than it was a week ago, but he warned that there was still “mass uncertainty, chaos and confusion in the next steps.”
One of the possible Apple products can be studied during the current tariff penalty, this is how to transfer an even greater production of iPhone from its long -standing centers to China to India, where it started expanding the production, while Trump fought a trade war during his first term as president.
The Trump administration suggested that its tariffs were isolated by China when the US participated in negotiations with other countries.
But China also strivesBuild a tougher relationship in AsiaWith the people of Trump’s fallen tariffs. The Chinese leader Ki, Xi Jinping, met with the Secretary General of the Communist Party Vietnam on Monday to make Lam with a message that no one won in trade wars.
Asked about the meeting, Trump suggested that the two countries would be able to cause economic damage to the United States, trying to find out how we will twist the United States. ”
Originally this story was presented on Fortune.com
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2025-04-15 01:30:00
Josh Boak, Michael Liedtke, The Associated Press
