On Sunday, U.S. President Donald Trump reaffirmed his stance on mutual tariff imposition, emphasizing that companies must manufacture within the United States to avoid them. In an interview with Fox News, Trump explained that he wanted to assist American automakers by applying a one-month exemption after implementing a 25% tariff on Canada and Mexico.
“I wanted to help the American car makers until April 2,” he said, adding, “April 2, it becomes all reciprocal.”
When questioned about whether the frequent changes in tariff measures provide clarity to the industry, Trump responded affirmatively, saying, “I think so,” and suggested that tariffs could rise over time, adding, “They probably will.”
Regarding potential changes after April 2, Trump indicated that some tariffs might increase depending on the situation, but he does not believe they will decrease.
Trump is reluctant to make such predictions when asked if he anticipates a recession this year. He explained, “There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing.”
