US President Donald Trump will meet on March 25, 2025 with US ambassadors in the cabinet room of the White House in Washington, DC.
Almond and | AFP | Getty pictures
President Donald Trump said that the tariffs will probably be “mildly mutual” because the tariff death line will come into force on April 2 for a number of taxes.
“I will probably be more forgiving than mutual, because if I were mutually, it would be very difficult for people,” said Trump in an interview with Newsmax on Tuesday.
“I know that there are some exceptions and it is an ongoing discussion, but not too many, not too many exceptions,” added the president.
The White House later clarified the President's comments and said that the Trump government would no longer take into account non-tariff obstacles to the United States to determine the mutual collective bargaining course, as she told CNBCS EAMON JABER.
Non-tariff obstacles include factors such as VAT (VAT)-a tax on the final consumption of a good or service service based on the added value added in every production phase, as well as wage suppression and currency manipulation.
The soft attitude towards tariffs of the Trump government could calm investors that a global trade war will slow down the US economy.
Consumer and corporate feelings have already scored a hit. On Tuesday, the conference authority announced that its measure for consumer expectations on companies, income and work had dropped to a 12-year low.
The stocks have been struggling lately, and the S&P 500 fell by 3%last month. The benchmark also dipped into the correction area in the middle of the tariff pressure and briefly acted more than 10% under a record set in February.
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