President Trump threatens more tariffs
Welcomed Ireland’s Taoiseach to the White House
WASHINGTON (Gray DC) - Just hours after Canada and the European Union slapped U.S. products with retaliatory tariffs, fresh threats of more tariffs from President Donald Trump.
White House correspondent Jon Decker reports that a trade war appears to now be in full swing, after Canada and the European Union imposed tariffs on U.S. goods.
Wednesday, The President got news on the inflation front. But that may be short-lived now that a trade war between America and our biggest trading partners is in full swing.
President Trump in the Oval Office welcoming the Irish Prime Minister Michael Martin. During an extensive press interaction, President Trump took credit for new numbers from the Labor Department that shows the inflation rate eased to 2.8% in February which was lower than expected.
“So we’re getting that down. When energy comes down, prices are going to be coming down with it. So in a very short period of time, we’ve done a very good job.”
However, economists fear consumer prices could be heading higher as Canada and the European Union announced retaliatory tariffs in response to U.S. tariffs on imported steel and aluminum.
“The European Union treats us very badly, and they have for years. I saw that I had enough of them in my first year, it did well, but we had to solve other problems, and we did. But European Unions did very tough, and it’s our turn to we get a turn of that.”
The President also not ruling out tougher economic sanctions against Russia – if doesn’t agree to a ceasefire in the Ukraine War.
“Yeah, there are things you can do that wouldn’t be pleasant in a financial sense. I can do things financially. It would be very bad for Russia. I don’t want to do that, because I want to because I want to get peace. I want to see peace, and we’ll see but in a financial sense, yeah, we could do things very bad for Russia. Would be devastating for Russia. But I don’t want to do that because I want to see peace. ”
Secretary of State Marco Rubio said Tuesday, the ball is now in Russia’s court. One leading Republican voice on foreign policy, South Carolina Senator Lindsey Graham, has expressed strong skepticism that Russia would accept the U.S. and Ukrainian proposal for a 30-day ceasefire.
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