Trump readies blanket tariffs as he brushes off inflation worries
President Donald Trump said Thursday that he planned to impose covered tariffs of 15% or 20% on most business partners, which rejects concerns that other prices may negatively affect the stock market or stimulate inflation.
“We are just going to say that all the remaining countries will pay, whether 20%or 15%. We are going to resolve it now,” Trump told NBC News, the press moderator “Kristen Welker in a telephone call. General prices are currently set at 10%.
“I think the prices have been very well received. The stock market has reached a new summit today,” added Trump.
The S&P 500 closed a record Thursday, but it comes after a few tumultuous months for the US stock market. After Trump announced his first wave of world prices on April 2, the S&P 500 experienced one of its fastest 20% recorded in the following days.
Follow the political coverage live here
Trump Thursday also rejected Hasbro CEO warnings that toys prices could increase later this year following prices.
“If you look at the figures, inflation has dropped,” said Trump, adding later that Hasbro had not warned her that his CEO would mention the price increase on a podcast.
According to data from the American work statistics office, inflation has been held in recent years since the cocovored pandemic but remains greater than 2.3%.
“I don’t know. I haven’t heard of Hasbro. I don’t care about their prices,” said Trump, adding later, “but if they make their toys here, if they made their toys here, they wouldn’t have an increase in price.”
Trump’s sales program has stopped in recent weeks when administration officials continue to insist on working on dozens of agreements with foreign nations.
This week, Trump published letters to 22 countries establishing rate rates, including 50% prices on imports from Brazil. He also announced a 50% rate on copper imports which should take effect next month.
The dozens of letters intervene after repeated promises of “90 offers in 90 days” dating from April Trump and his senior officials. However, the administration did not sign any negotiation agreement during this 90 -day period. The White House and the Secretaries of the Treasury and Commerce have rather reached three executives who could possibly be transformed into full -fledged trade agreements.
“Not everyone has a letter. You know it. We are only putting our prices,” Trump told NBC News on Thursday.
But he added that members of the European Union and Canada would obtain letters inform them of new prices “today or tomorrow”.
“I would like to do it today,” said Trump, adding: “I’m talking about the European Union, which is, as you know, many countries, and Canada. We issue them in the coming hours.”
Shortly after speaking with NBC News, Trump announced that he would apply a 35% rate to Canadian imports from next month, degenerating a trade war that had recently shown signs of decline.
The 27 nations that make up the European Union are the largest trading partner in the United States. US companies and consumers imported more than $ 600 billion in EU’s goods last year. Canada is also classified among the most important commercial relations for the United States, with more than $ 400 billion in Canadian products imported into the country last year.
Speaking on Wednesday before the European Parliament, the highest sales manager of the EU, Maroš Šefčovič, said that negotiations were performing between the two parts “every day” to avoid obtaining one of Trump’s pricing letters.
“Above all, while other nations were faced with an increase in the United States prices, the result of the letters that President Trump sent on Monday, our negotiations spared the EU to face higher prices,” he said.
The EU has more than $ 100 billion in standby reprisals which can be implemented quickly. Some of the reprisal tasks target the goods carried out in the red states, such as the soy of the original state of the chamber, Mike Johnson, Louisiana, and the Bourbon of Kentucky.
“ A major declaration ” on Russia
Trump also talked about the status of the Russian war with Ukraine, saying to NBC News: “I am disappointed with Russia, but we will see what is happening in the next two weeks.”
“I think I will have a major statement to make on Russia on Monday,” he said, refusing to develop.
He also revealed the details of what he said A new agreement between the United States, NATO and Ukraine on the shipment of weapons in the United States.
“We send weapons to NATO, and NATO pays for these weapons, 100%. So what we do is that the weapons that go out to NATO, and then NATO will give these weapons [to Ukraine]And NATO pays for these weapons, “said Trump.
He added that the agreement was concluded at a NATO summit last month.
“We send weapons to NATO, and NATO will reimburse the total cost of these weapons,” said Trump.
It was not clear if Trump referred to an idea that has recently been launched from certain members to buy American manufacturing weapons from certain NATO members on behalf of Ukraine, the United States therefore did not have to take on the cost.
Trump has restarted the sending of American weapons to Ukraine this week after the Ministry of Defense organized this month a planned shipment to the country at war with Russia.
The break, ordered by the defense secretary, Pete Hegseth, seemed to catch a lot in the Trump administration, including the officials of the State Department, by surprise.
Questioned Thursday about this break of arms, Trump said: “I don’t know anything about it.” He added that Hegseth “does an excellent job”.
Trump publicly expressed his disapproval of Russian President Vladimir Putin. Russia launched a deadly strike and a missile attack on kyiv on Wednesday, which appeared to be causing Trump’s warnings.
Senator Lindsey Graham, Rs.C., has been pushing GOP leaders for months, including Trump, to move a bill he presented who would impose new sanctions on Russia. In recent days, Graham has reported that the bill now had the support of Trump and the head of the majority of the Senate John Thune, Rs.d.
Trump said on Thursday that he expected the Senate to adopt the measure of sanctions. “It is a bill that the Senate adopts which allows very respectfully doing what it wants, as you know,” he said.
“In other words, it is my option if I want to use it. They will adopt a very major and very biting bill, but it is the president to know if he wants or not to exercise it,” he added.
Sell Big Beautiful Bill
Trump also explained if he planned to travel across the country following the adoption of the Republicans of the Congress adopting a massive set of domestic policy – nicknamed “One Big Beautiful Bill Act” – saying that he would travel “a little”.
“But honestly, it was so well received that I don’t think I owe it,” he added.
Trump signed the bill on independence day after months of negotiations between the president, Congress GOP leaders and basic republican legislators.
The day the room spent the final version of the bill, sending him to the Trump office, he praised his passage during a rally to monks, in Iowa, which was presented as a kick-off to the celebration of the 250th anniversary of the United States next year.
The law extends the tax reductions adopted and signed by Trump during his first mandate in 2017, and imposes new temporary tax reductions on tips and overtime. It also provides hundreds of billions of dollars of new expenditure for border security and soldiers while imposing steep Medicaid cuts, federal nutrition assistance programs and its financing of clean energies.
The Democrats, who seek to return the Chamber and the Senate to their control during the mid-term elections of 2026, have already seized the votes of the GOP legislators for the bill in the states and districts of the battlefield.
Trump rejected the concerns on Thursday that Democrats could influence voters in their favor by highlighting the MEDICAIDE package cuts and other programs in the social security net.
“They said that in 2024 too,” he said. “They lost their heads and they lost their way.”
The president of the National Democratic Committee, Ken Martin, participated in local and national information programs across the country this week, telling the voters that their republican representatives “betrayed” them by voting for the bill.
“It is, as I call it, the great and beautiful betrayal. All the Republicans, each of them, put the oath to Donald Trump before the oath to their voters of which they were elected,” Martin told “PBS Newshour” on Wednesday.
