Trump admits tariffs will be 'little disturbance,' aimed at 'making America rich again'
Published On Mar 5, 2025, 8:43 AM
Former President Trump commented on the ongoing use of tariffs in a recent speech, claiming they would contribute to making America 'rich' and 'great again,' despite acknowledging that the tariffs will cause 'little disturbance' to the economy. He framed tariffs as necessary not only for protecting American jobs but also for safeguarding the 'soul' of the country. Critics, including Senator Rand Paul, warned that tariffs could lead to higher prices for consumers due to retaliatory measures from other countries.
Stock Forecasts
XLI
Negative
The recent commentary from Trump suggests a continuation of protectionist trade policies, which may negatively impact sectors dependent on international supply chains or exporting goods. Tariffs generally lead to increased costs for imports, likely resulting in higher consumer prices. Import-focused sectors could experience pressure, while companies that pivot quickly to domestic production might benefit. Overall, the forecast indicates potential downside risks for related industries.
Related News
LARRY KUDLOW: Trump's message to Congress — unleash prosperity
Mar 4, 2025, 5:58 PM
Trump needs to rally Congress behind his agenda on tax cuts, deregulation, and growth
Trump responds to Trudeau calling tariffs 'very dumb' as trade war ramps up
Mar 4, 2025, 11:47 AM
President Donald Trump is pushing back against Canadian Prime Minister Justin Trudeau calling his tariffs “very dumb."
Stock market today: S&P 500, Nasdaq, Dow futures climb higher as markets brace for Trump tariffs
Mar 4, 2025, 2:01 AM
US stock futures held steady as Wall Street braced for President Donald Trump’s broad tariffs on America’s top trading partners to take effect.