Trump live updates: President says tariffs rollout ‘going very well’ despite plunging stock market

Despite the Trump administration setting up the measures as a way to strengthen US manufacturing, those within the US industry have warned that rates could do the opposite.

Josh Marcus Reports of San Francisco.

Exactly who was saved, and of what, was unclear. If the initial market response is something to do, many Americans can soon be freed from their retirement savings.

President Donald Trump returned to talk to reporters aboard Air Force One when he flew to Miami this afternoon. He started with the $ 5 million gold map he had to move to the United States for wealthy individuals.

“It will be in less than two weeks. It’s pretty exciting, ‘the president said. He was flanked by press secretary Karoline Leavitt and trade secretary Howard Lutnick.

In the markets today, after its announcement of rates, Trump said: “That’s what is expected. The patient was very ill. The economy had a lot of problems … it was a sick patient. It went through surgery. It was going to be an upcoming economy. It’s going to be incredible. We’ll have trillions.”

He added: “The operation is over. And now we’re getting ready.”

The president said that many manufacturing plants are being built, and you will see a lot of construction work. “

Continue he said: “The chips start very soon. The pharmaceutical goes, I think, on a level we haven’t seen before. We are now looking at Pharma. Pharmaceutical products. It’s a separate category. We’ll announce it for a while in the near future. It is now under scrutiny.”

Back on his new rates, Trump said: “Every country calls us. This is the beauty of what we do. We put ourselves on the driver’s seat – if we asked these countries to do us a favor. They would have said no. Now they will do something to us.”

He added, “It’s going to make our country very rich.”

Asked if he was willing to deal with individual countries, Trump said: ‘Well, it depends. … as long as they give us something that is good. For example, with tapping. … We have a situation with Tiktok where China is likely to say, ‘We will approve an agreement, but will you do something on the rates? ‘

‘The rates give us a great power to negotiate. They always have. I used them very well in the first administration … Now we take it to a whole new level. “

The president asked if he had it if it’s talking he had with China, said, “No, I just use it as an example.”

Trump then added about the Tiktok agreement (reports indicate that an announcement is coming Saturday): “We are very close to an agreement with a very good group of people,” and add that it was with “multiple” investors.

Asked if he has a message to US businesses that are concerned about his rates: “I think it’s all going to work out. Remember that there is no rates if you build your aptitude or make your product in the US. So there will be a transition period.”

The president also said that he spoke to car executives today, but that he would not specify with whom.

As for the performance of the stock market and Americans are concerned about their retirement funds, Trump said: “I didn’t check my 401k.”

“I would not advise any of the countries to panic. I would not try to retaliate because as long as you do not retaliate again, this is the highlight of the number,” he said Bloomberg.

Besent also made similar, more imminent remarks about Fox News.

Trump trading advisor Peter Navarro told CNBC: “When it comes to trading, we have no friends.”

After yesterday it looks close to a certainty.

Americans who want to buy a new car are likely to see a higher price tag with as much as $ 15,000 due to President Donald Trump’s 25 percent tariff on foreign -manufactured vehicles.

The president’s rates are part of his attempt to increase domestic manufacturing and thus add and protect the work of car workers.

But car manufacturers and sellers expect the rates to be transferred to consumers.

For those new in the stock market, Down is generally considered a bad thing.