Tariffs ‘could go up,’ Trump says while allaying recession fears – National

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Tariffs ‘could go up,’ Trump says while allaying recession fears – National

Worldwide tariffs are unlikely to go down, but “could go up,” U.S. President Donald Trump says.

In an interview with Fox News host Maria Bartiromo on Sunday, Trump tamped down fears of a looming recession after a tumultuous week for the U.S. stock market as investors grappled with further uncertainty from Trump’s tariffs.

Trump exempted certain products traded under North American free trade rules on Thursday. In the hours that followed, the S&P 500 had its worst trading day of the year, while the Nasdaq plunged 2.6 per cent and the Dow Jones Industrial Average fell by 1.0 per cent.

Addressing the stock market tumble, Trump said that the U.S. is “going to have a disruption, but we’re okay with that.”

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

2:04
Trump’s trade war and its catastrophic impacts on the U.S. economy

When asked by Bartiromo why he paused some tariffs, Trump said “I wanted to help Mexico and Canada to a certain extent,” and he had also wanted to “help American car manufacturers.”

Story continues below advertisement

“We’re a big, big country and they do a lot of their business with us, whereas in our case it’s much less significant. We do very little with Canada by comparison,” Trump said.

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

Get daily National news

Get the day’s top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

“I thought it would be a fair thing to do and so I gave them a little bit of a break for a short ******* of time.”

Pressed by Bartiromo about concern that his policies—particularly his lack of clarity on tariffs—may lead to a recession, Trump dismissed it by saying “the tariffs could go up as time goes by.”

“We may go up with some tariffs, I don’t think we’ll go down, but we may go up and but, you know, they have plenty of clarity. They just use that. That’s like, almost a sound bite. They always say that, ‘We want clarity.’”

Trending Now

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  /applications/core/interface/js/spacer.png">

  Snowbirds, take note: The U.S. says these foreign nationals must register

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  /applications/core/interface/js/spacer.png">

  Alberta’s premier makes the rounds on U.S. TV networks to defend new booze rules

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

2:12
Canada’s dairy, lumber supply under threat by Trump as trade war escalates

Trump said Friday he will also soon bring in new tariffs on ********* dairy and lumber that match the “tremendously high” duties he says Canada charges for shipping those products to the U.S.

Story continues below advertisement

The tariffs, if instituted, appear to be separate from the so-called reciprocal tariffs Trump is planning to start imposing on April 2, which will match all tariffs on products sold by other countries to the U.S.

They would also be on top of sweeping 25 per cent tariffs on ********* goods and 10 per cent duties on ********* energy that began on Tuesday.

When asked by Bartiromo about “rising worries about a slowdown,” Trump said: “I hate to predict things like that. There is a ******* of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of – it takes a little time – but I think it should be great for us.”

More on Politics
More videos

&copy 2025 Global News, a division of Corus Entertainment Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Tariffs #Trump #allaying #recession #fears #National

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up