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The president of the United States, Donald Trump, speaks with the press while he meets with NATO general secretary, Mark Rutte, at the Oval Office of the White House in Washington, DC, on March 13, 2025.
Mandel and | AFP | Getty images
President Donald Trump On Thursday he doubled on his growing tariff plans, even when his economic agenda continued to shake investors and contributing to a sale of a one -week stock market.
“I’m not going to bend at all,” Trump said when he was asked about his rate plans during an Oval office meeting with NATO General Mark Rutte.
“We have been scammed for years, and we are not going to be scammed,” he said.
Trump said specifically that he would not change his mind about the promulgation of “reciprocal tariffs” in other countries that put commercial barriers for US assets. The White House has said that these rates will take effect on April 2.
He then pointed to Canada, criticizing the main commercial partner and declaring: “We do not need anything they have,” while repeating their calls to make the northern United States neighbor into the “State 51”.
Trump added: “There will be a small interruption, but it will not be very long.”
Trump’s comments occurred when the main rates of shares continued to fly on Thursday, with the S&P 500 Fall 10% from its maximums recent and entering correction territory.
Numerous analysts and business leaders have warned that Trump’s tariffs, and their unpredictable use of them, are sowing chaos in the markets.
But Trump has continued to broadcast New tariff threats This week, while seeking to return the return to the countries that have retaliation against their actions.
After the new US tariffs on steel and aluminum imports entered into force on Wednesday, the European Union responded by announcing a plan to impose a 50% rate on the imports of US whiskey and other US products.
Trump lashed out Thursday morning, stating that he would slapped 200% of tariffs on EU alcohol exports, including all French wines and shampa, unless the block fell his countermelted.
At the beginning of the week, Trump threatened to double his tariff Repair a 25% tax In electricity exports to the US.
Ontario’s prime minister, Doug Ford, stopped his countermelted hours later, and Trump retreated his threat.
