#TariffsPause

Trump says if the US still has high tariffs a year from now, it would be a 'total victory'

Trump made the comment in an interview with "Time" magazine published Friday about the first 100 days of his term, which he will reach on April 30. The interview took place at the White House on Tuesday.

During the interview, which was conducted by senior political correspondent Eric Cortellessa and editor in chief Sam Jacobs, "Time" asked the president if he'd consider it a victory if "high tariffs, whether it's 20% or 30% or 50%," were still in place in a year

Trump has said his sweeping tariff policy would encourage companies to build and invest in the US. The tariffs currently include a universal 10% tariff on most countries and a 145% tariff on China. Higher tariffs on other countries are currently under a 90-day pause that Trump announced earlier this month.

Trump's tariff announcement on April 2 tanked stock prices and financial markets around the world. Though there's been some recovery, markets have remained volatile as the uncertainty around tariffs continues.

Trump has said he wants to lower or eliminate US trade deficits with other countries and that he has been in talks with leaders around the world to strike deals on trade. He has also said Americans could feel "short-term" pain as a result of tariffs.