๐ฑโฆ๏ธ๐ฅ ๐๐ซ๐ฎ๐ฆ๐ฉ ๐๐๐๐๐ง๐๐ฌ ๐๐๐ซ๐ข๐๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ ๐๐ฆ๐ข๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐๐ง๐ ๐๐ซ๐๐๐ ๐๐๐ฅ๐ค๐ฌโโ
Former President Donald Trump admitted that his broad tariffs pose political risks but emphasized he's not in a rush to finalize trade deals just to ease investor concerns. Speaking at a NewsNation Town Hall with Bill OโReilly, Trump acknowledged the perception problem surrounding tariffs but maintained they are essential for national interest. He accepted that this strategy might cost Republicans the House in upcoming elections but expressed confidence in persuading Americans of its long-term benefits.
Trumpโs remarks came after a government report showed the U.S. economy shrank for the first time since 2022, blaming an influx of pre-tariff imports and decreased federal spending. Job growth also missed expectations, rattling Wall Street. Despite investor anxiety, Trump insisted heโs willing to wait, citing early progress with countries like South Korea, Japan, and Indiaโthough no immediate deals are expected.
He noted that his negotiation style involves starting tough and then adjusting. โYou have to be able to dodge and move,โ Trump said. Meanwhile, U.S. Trade Representative Jamieson Greer reassured that the first set of agreements could be just weeks away, though some, like India, are still in earlier stages. Talks with South Korea and Japan are advancing, with upcoming meetings also set for Guyana, Saudi Arabia, and the Philippines.
Greer also mentioned openness to working with newly elected Canadian Prime Minister Mark Carney. Trump continued defending his economic approach, blaming Biden for the GDP drop, while highlighting business investments and manufacturing growth under his administration.
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