Why is that important?
Trade tensions between the US and its partners can affect the global economy. fresh customs tariffs and changes in Trump's trade policy are worrying investors and can lead to higher prices.
What did Donald Trump say?
The president of the United States gave an interview to Fox News. During the interview, he was asked if the American economy was facing a recession or price increase due to his administration's position on customs duties for abroad goods. - I hatred to anticipate specified things. There is simply a transitional period due to the fact that what we are doing is very important. We're restoring America's wealth, it's a large deal. It takes any time, but it will be great,” Trump assured.
What are the fresh changes in US trade policy?
The USA has late imposed fresh duties on imports from Mexico, Canada and China. In response, the Chinese authorities introduced retaliation taxes on American agricultural products. Changes in trade policy and marketplace instability can have long-term effects on the US economy and global trade.
