Trump foresees an economic “transition period” in the US and insists on tariffs
US President Donald Trump was interviewed this Sunday at the Fox News conservative chain, where he said An economic “transition period” marked by tariffs that the US has imposed or intends to impose on the assets of other countries.
Interviewed by the presenter Maria Bartiromo, and asked about some data that point to a recession this year, Trump replied: “I hate to predict things like that. There is a transition period, because what we are doing is very large, We are bringing the wealth to the US again“
In the Air Force One, back from its weekend in Mar-a-Lago, Trump clarified that it is normal to doubt about The possibility of the US to enter recession. “Who knows? The only thing I can tell you is that we are going to raise hundreds of billions in tariffs and we will become so rich that we will not know how to spend all that money.”
In parallel, the Secretary of Commerce, Howard Lutnick, in an interview in NBC, said that “there will be no recession in the US” and argued that “global tariffs are going to fall because President Trump has said: Does they want to impose us 100 %? We will impose 100 %.”
Trump had to address the fluctuations in the tariffs of his government to Mexico and Canada, who concern the markets, and said that On April 2, the “reciprocal tariffs” will enter into forceinsisting that they make sense because other countries are “cheating” their own, while last week he acknowledged that their economic policy may require “small adjustments” for Americans.
Regarding reciprocal tariffs on the goods of those countries that take US imports, Lutnick explained that “some products that are made abroad may be more expensive, but Americans will be reduced, and that is the goal.”
The threat of tariffs
From his return to the White House, Trump, has threatened tariffs to Mexico and Canada, as well as China, among other countries, and has applied the rates to, in some cases, temporarily revert them, as in the case of the goods included in the T-MEC Agreement with its neighbors.
“We are going to attract jobs, we will reopen factories “promised in statements this afternoon to the press before landing in Washington.
Regarding the pause in tariffs to the automotive sector, fully integrated between the three countries, he declared that he did it because he wanted to “help American manufacturers” and gave them “a small respite”, but said that the taxes “can rise” later.
In addition, Trump refused to evaluate these policies according to the impact on the stock market and proposed the Chinese economic monitoring model: “If they look at China, they have a 100 -year perspective. We are going for quarters, and it cannot be done so, you have to do the right thing,” he said.
