Trump recognises tariff ‘transition problems’ as US markets fall again
Donald Trump has said there will “always be transition problems” and “difficulty” as markets fell again amid continued uncertainty over the US president’s global tariff war.
His statement on Thursday comes hours after the White House said that tariffs on China would reach 145% for some products due to a pre-existing 20% levy imposed on those producing the drug fentanyl.
Despite this, Trump said he was still hoping to secure a deal with China. “I think we’ll end up working something out that’s very good for both countries. I look forward to it,” he said.
Meanwhile, markets continued to face a turbulent time on Thursday, following Trump’s 10% tariff announcement for all countries except China.
Trump on Wednesday paused his threat to impose tariffs as high as 50% on “worst offender” countries, but pressed on with his trade war with China.
Source: BBC