Trump says it could take 2 years before tariffs result in American manufacturing boom

As the markets were driving and foreign allies withdrawn after the discovery of extensive tariffs to be imposed by the United States, President Donald Trump said he was looking at the future impact of his levies.

In the case of production growth, a key administrative interest in imposing a 10% tax on all trading partners and significantly higher tariffs for certain countries such as China, Trump said it could take years.

“Let’s say this is a two -year process,” Trump said when he was asked by a reporter on Thursday how long it will take to get the industry where he wants to see it.

“You know, they start a factory and they are large plants that give them approval and in many cases to build an electrical facility with it,” he continued. “So you have electrical production and the plant and they are large plants. Now the good news is a lot of money for them and they can build them quickly, but they are still very large plants. I would always say that it will take a year and a half to two years.”

In the meantime, Trump has rejected fears about short -term pain economists who expect to be handed over to US consumers.

“It should be expected when it is a patient who was very sick,” Trump said, comparing his economic policies to the operation.

“This will be a thriving country, a very thriving country,” the president said.

Trump’s tariff plan, announced in the White House Rose Garden on Wednesday, includes a base 10% tariff against all US trading partners and more fierce, more focused taxes against nations that put obligations on US imports.

Jay Timons, CEO of the National Producers Association, made a statement on Wednesday night, criticizing the performance.

“Needless to say, today’s message was complicated and manufacturers are competing to determine the exact consequences for their operations,” Timons said.

Timons, who runs the largest trade association in the country, said the administration should instead make a contribution that producers use to produce products in US tariffs and try to negotiate the rates for zero for zero-made goods in foreign markets.

“Bets for manufacturers cannot be higher,” he said. “Many manufacturers in the United States are already working with thin margins,” he added, “high costs for new tariffs threaten investments, jobs, supply chains, and in turn America’s ability to exceed other countries and lead as a superb production superpower.”

Fallout continued on Friday until Trump’s tariff plan. China withdrawn with its own tariffs: a 34% fee for all US goods. The markets slipped further in their early trade after recording their oldest day since June 2020 on Thursday.

Trump on Thursday signals openness to negotiations, although White House employees throughout the day, denying any chance of bargaining.

Then, on Friday morning, Trump seems only doubled, writing on his social media site: “My policies will never change.”