Customs Duty Confusion: Will They Really Be Suspended for 90 Days? U.S. President Donald Trump Has the Final Say

Question

US President Donald Trump clearly stated that he is not currently considering suspending any tariffs, as international markets are reacting sharply to the conflicting signals coming from the White House.

Despite global concerns about the impact of ongoing trade tensions, Trump reiterated his administration's firm stance on tariffs, suggesting that these could be permanent even though negotiations are still on the table.

Trump said in a press briefing, "We will reach a fair agreement with all countries," and added, "Trade with the EU must be fair and mutual, and the EU will have to buy energy from us." Trump also emphasized the importance of maintaining a strong relationship with Japan, noting that despite rising global trade tensions, bilateral relations have been positive.

The President's statements came at a time when he demanded that China cancel the retaliatory tariffs it imposed on U.S. goods by issuing a new ultimatum. Otherwise, Trump warned that new tariffs of up to 50% would take effect starting Wednesday. This announcement has led to increased concerns about the serious risk of a global economic downturn, especially as Wall Street has just experienced another tumultuous day. Earlier in the day, false reports about the suspension of tariffs briefly boosted market sentiment, but after Trump's renewed threats, stocks and cryptocurrencies fell again.

Economic advisor Miran reiterated Trump’s stance, stating that the President welcomes any country willing to remove trade barriers to U.S. exports. Miran also mentioned that he believes the administration's deregulation policies will help control inflation in the long run.

However, Miran admitted that no final decision has been made on whether a trade agreement will be reached before the mutual customs tariffs come into effect on April 9. "This decision belongs solely to President Trump," he said.

Fox News reported that the White House has changed its communication strategy to focus on messages aimed at stabilizing financial markets and that trade negotiations are ongoing.