President Trump's tariffs will take effect and are not subject to discussion - even amid recession fears.
UNN reports with reference to CBS News.
Details
US Secretary of Commerce Howard Lutnick said there is "no delay" in President Trump's tariffs when asked if Trump was considering postponing their introduction to negotiate with countries.
The tariffs announced by President Donald Trump will not be postponed, but will remain in effect "for days and weeks".
The president must improve world trade. The whole world has a positive trade balance, and we have a deficit (...). Countries around the world are robbing us, and this must stop
Lutnick said there is "no delay" in the new round of tariffs, saying that "the president has made it crystal, crystal clear - this is the policy".
The Secretary of Commerce also acknowledged that "this will be a big change." At the same time, Lutnick noted that "the rest of the world has been robbing us (the US) all these years," and he also stated that the president (Trump) "is no longer going to tolerate this."
This is the moment when the United States of America takes matters into its own hands, and Donald Trump has been talking about it all his life. This is Donald Trump's agenda, and we are all here to help him carry it out
Let us recall
The US President announced a "tough" tariff policy, which will introduce a 10 percent tariff on all imports and higher retaliatory tariffs for countries that the White House says have unfair trade practices, starting at 20 percent for the European Union and 54 percent overall for China.
The Chinese Foreign Ministry called on the US to engage in dialogue over Trump's new tariffs. China will also impose a 34% tariff on imports of goods from the US in response to Trump's actions.
EU countries plan to agree on countermeasures against tariffs imposed by Trump, worth up to $28 billion. This could lead to a global trade war and recession.
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