US President Donald Trump speaks to the press when he meets the Secretary General of NATO Marek Rutte in the Oval White House office in Washington, March 13, 2025.
Mandel I | AFP Getty images
President Donald Trump On Thursday, his escalating tariff plans doubled, even when his economic program continued to ratue investors and contributed to the weekly stock market sale.
“I'm not going to bend at all,” said Trump, when asked about his tariff plans during the Oval Office with the Secretary General of NATO, Marek Rutte.
“We have been cheated for years and we will not be cheated anymore,” he said.
Trump clearly said that he would not change their minds about the introduction of a wide “mutual tariff” in other countries that put trade barriers for American goods. The White House said that these tariffs are to apply on April 2.
He then distinguished Canada, criticizing the highest trading partner, and declaring: “We don't need anything they have”, repeating his calls to transform the American Northern neighbor in “51. condition”.
Trump added: “There will be a bit of disturbance, but it won't last long.”
Trump's comments appeared when the main stock indexes still collapsed on Thursday, with S&P 500 decreases 10% from recent ups and entry to the territory of the correction.
Many analysts and business leaders have warned that Trump's tariffs and its unpredictable use are sowing on the markets.
But Trump still spent New tariff threats This week, he tries to hit the countries that took revenge against his actions.
After the new US tariffs on the import of steel and aluminum appeared on Wednesday, the European Union responded by announcing a plan to apply a 50% tariff on the import of American whiskey and other American goods.
Trump attacked on Thursday morning, declaring that 200% tariffs on the export of alcohol in the EU would hit – including all wines and French champagne – unless the block fell with its remedy.
Earlier this week, Trump threatened to doubt the tariffs in steel and aluminum from Canada, starting from Wednesday, in response to Ontario's retaliation Hit 25% tax for the export of electricity to the USA
Prime Minister Ontario, Doug Ford, stopped his remedies a few hours later, and Trump withdrew from the threat.