I see no signs of recession. I think the country will develop – said US President Donald Trump. He also told officials to be ready to introduce further duties to make companies move to the United States.
President USA Donald Trump He underestimated concerns about the risk of recession in the United States in connection with his trade policy.
Trump about recession in the USA
– I can't see it at all. I think that this country will develop – he replied asked if he was afraid of the recession.
The US President also downplayed the collapse visible in the financial markets. – Markets will grow and fall. It doesn't worry me – he said.
US President about subsequent duties
Then Donald Trump gave the officials of his administration to prepare for the next duties, saying that the tariffs can be even higher.
The US president said that the higher duties simply mean that it is more likely that companies will move their activities to America.
– The biggest win is not customs. A big win is a lot of money. But the biggest win is that companies will move to the USA and start producing here – he pointed out.
The US reacts to Canada's actions
The US President announced that he would probably withdraw from applying 50 % duties on Canadian steel and aluminum.
In this way, Donald Trump referred to the statement of the Prime Minister of the Canadian province of Ontario Douga Ford, who announced that he suspends the 25 % export duties to the current sold to the USA.
Trump previously announced that it increased duties to steel and aluminum with Canada – from 25 to 50 percent, which was related to the decision of the Ontario authorities about the increase electricity prices For recipients in the USA by 25 percent
On Wednesday, 25 % duties came into force on the import of aluminum and steel to the USA.
Source of the main photo: PAP/EPA/SAMUEL CORUM/POOL