The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

Friday, April 4, 2025

Trump Insists on April 2 Tariff Announcement, Calls Canada Unnecessary

U.S. President Donald Trump engages in conversation with NATO Secretary General Mark Rutte (left) in the Oval Office of the White House on March 13. / UPI
U.S. President Donald Trump engages in conversation with NATO Secretary General Mark Rutte (left) in the Oval Office of the White House on March 13. / UPI

On Thursday, U.S. President Donald Trump reaffirmed that he would announce global “reciprocal tariffs” on April 2. He acknowledged that there would be some confusion regarding tariffs but assured that it would not last long.

Trump made these remarks during a meeting with NATO Secretary General Mark Rutte in the Oval Office. When reporters asked about potential changes to the aluminum tariffs imposed on Wednesday and the reciprocal tariffs planned for April 2, Trump firmly responded, “No.”

Trump emphasized that the U.S. has been taken advantage of for years and will no longer tolerate it. He said he would not back down on issues concerning aluminum, steel, or cars.

On Thursday, a Canadian citizen was seen in front of the White House in Washington, D.C., criticizing Trump\'s tariff war while displaying a Canadian flag. / AP
On Thursday, a Canadian citizen was seen in front of the White House in Washington, D.C., criticizing Trump’s tariff war while displaying a Canadian flag. / AP

Trump specifically addressed Canada, saying, “We don’t need anything that they give,” reiterating his controversial idea of making Canada the 51st state of the U.S.

Furthermore, Trump cited domestic investment plans by U.S. companies, such as Apple’s $500 billion investment proposal, arguing that tariffs are a key factor in driving investment to the U.S.

He also mentioned Facebook’s intention to invest $60 billion by the end of the year.

Regarding the Ukraine conflict, Trump revealed that Special Envoy Stephen Witkoff is currently in Russia for “very serious discussions.” He stated that Ukraine agreed to a complete ceasefire and hoped Russia would do the same. He also mentioned ongoing discussions about the territory Ukraine will retain and those it will lose, along with other elements of the final agreement.

Trump added, ” So many details of a final agreement have already been discussed. Now it’s time to see if Russia is on board or not, and if it’s not, it will be a very disappointing moment for the world.”

Trump also expressed his desire to meet and talk with Putin, stating that there is a need to end the war quickly.

In a surprising turn, Trump also addressed the potential U.S. annexation of Greenland, a Danish territory, saying, “I think that will happen. We need that [Greenland] for international security.”

He shared this vision of annexing Greenland, which is included in NATO’s collective defense area, in front of the NATO Secretary General,

Rutte distanced himself from the Greenland issue, stating, “I won’t engage in any questions regarding the U.S. annexation of Greenland. I don’t want to drag NATO.”

Trump concluded by criticizing NATO’s 2% GDP guideline for defense spending as too low and insisting that it needs to be raised.

Hot this week

Amazon Wants TikTok—and the Race to Buy It Just Got Real

Amazon has expressed interest in acquiring TikTok as competition heats up before a potential U.S. ban on the app.

Trump Hits Allies with Major Tariffs, Says ‘Allies Often Worse Than Enemies’

Trump initiates a trade war, imposing tariffs on Northeast Asia and criticizing South Korea and Japan's auto markets for trade imbalances.

Elon Musk May Leave Trump’s Admin, and Tesla Investors Love It

Trump celebrates "Liberation Day" as Tesla shares rise amid speculation of Musk's resignation from government role, despite delivery declines.

Google Warns: North Korea’s Cyber Army Has Infiltrated Europe, and Asia Pacific May Be Next

North Korean cyber threats are expanding globally, targeting Europe and using diverse tactics to exploit job markets and fund operations.

Beyond Smartphones: Inside Xiaomi’s Offline Store and Its Vision for Expansion

Xiaomi plans to open its first store in South Korea, offering a wide range of products and improved after-sales service.

Topics

Amazon Wants TikTok—and the Race to Buy It Just Got Real

Amazon has expressed interest in acquiring TikTok as competition heats up before a potential U.S. ban on the app.

Trump Hits Allies with Major Tariffs, Says ‘Allies Often Worse Than Enemies’

Trump initiates a trade war, imposing tariffs on Northeast Asia and criticizing South Korea and Japan's auto markets for trade imbalances.

Elon Musk May Leave Trump’s Admin, and Tesla Investors Love It

Trump celebrates "Liberation Day" as Tesla shares rise amid speculation of Musk's resignation from government role, despite delivery declines.

Google Warns: North Korea’s Cyber Army Has Infiltrated Europe, and Asia Pacific May Be Next

North Korean cyber threats are expanding globally, targeting Europe and using diverse tactics to exploit job markets and fund operations.

Beyond Smartphones: Inside Xiaomi’s Offline Store and Its Vision for Expansion

Xiaomi plans to open its first store in South Korea, offering a wide range of products and improved after-sales service.

Ghibli-Style AI Images Send ChatGPT’s User Count Soaring

ChatGPT's daily users in South Korea hit 1.4 million, fueled by the new image-generation model and its viral popularity.

The ‘Dirty’ Truth About Hot Coffee on Airplanes

A flight attendant warns against ordering coffee on planes due to unsanitary water tanks and coffee pot maintenance issues.

Tesla and Nvidia Lift Nasdaq as Dow Takes a Hit

Wall Street saw mixed results, with the Dow slipping slightly while Tesla and CoreWeave stocks surged amid market uncertainty.

Related Articles