Trump does not rule out recession as he rejects business fears over tariffs

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Donald Trump refused to exclude the recession or higher inflation with the refusal of work concerns due to lack of clarity on the customs tariff, after a loud week that he diluted from the elements of his commercial agenda.

The president insisted that the industry was “a lot of clarity” and criticized in “Soundbite[s]One of the companies that express confusion about its plans.

“They always say – this is almost like my voice – they always say:” we want clarity, “Trump said in an interview with Fox News on Sunday.

“It seems good to say, but for years, the globalists, the great globalization, were holding the United States. They took money away from the United States, and all we do is to restore some of them.”

The President refused to exclude the recession that struck the American economy this year after the Federal Reserve in Atlanta warned of economic contraction in the first quarter of the year.

“I hate to predict things like that. There is a transitional period, because what we do is very large. We return wealth to America. This is a big thing, and there are always periods, it takes some time.”

In response to a question about whether the definitions could nourish inflation again, Trump said: “You may get it. Meanwhile, what is the interest rates decreased.”

The comments come a week after sales and sale in the stock market, where markets scraped for clarity over the trade war that brews Trump and warned companies against high prices.

The president imposed 25 percent of the customs tariffs in all areas on imports from Canada and Mexico on Tuesday before retreating later in the week.

On Wednesday, car makers were granted digging from the fees, and on Thursday, this was extended to all goods that meet the rules of the 2020 USMCA. It is scheduled to enter this week, separating 25 percent of steel and aluminum imports this week.

These fees have already caused a major revolution in the market where companies store materials, review operations and prepare to raise prices. Trump repeated that the definitions may rise in the future.

“Definitions can rise over time. He said,” They may rise, I don’t know if this is the ability to predict. ”

Trump said in the interview that he “wanted to help American car makers” this week, but he insisted that none of this will be offered to the mutual tariff that will be imposed next month.

I gave them a little rest for a short period of time. . . It is a transfer to April, and then I do not do this. . . I told them, I said: Look, I will do it once, but after that, I do not do that. “

Separately on Sunday, Howard Lottenic, Trump’s Minister of Trade, admitted that some definitions would cause inflationary pressure, echoing Trump’s warnings of “little disorder” when he addressed Congress on Tuesday.

“So, will there be distortions? Of course, foreign goods may become a little more expensive, but American goods will become cheaper.”