Trump is unwavering on tariffs: seeks to "change the fabric" of the US

The White House is looking for ways to appease nervous allies amid Trump's statements that the "long-awaited tariffs" on imports will take effect.

UNN reports with reference to NBC.

Details

US President Donald Trump and administration officials say he will not abandon his tariff plan and are looking for ways to ease partners' concerns. 

Two administration officials confirmed that members of the administration have been taking calls from business groups and holding private meetings to allay concerns.

The Trump administration maintains regular contact with business leaders, industry groups, and ordinary Americans, especially on major policy decisions such as President Trump's reciprocal tariff actions. However, the only special interest that guides President Trump in making decisions is the best interest of the American people — such as addressing the national emergency caused by our country's chronic trade deficit

Donald Trump's trade duties

The introduced duties can quickly become the defining policy of Trump's second term and have put two main identities of the Republican president in conflict: 

• a protectionist who has been calling for higher tariffs for decades to combat what he believes is being robbed of the country by its trading partners;
• a businessman who has been building in the real estate sector in New York for years.

No one but me would have done this. You know, it would be nice to serve a nice, easy term, but we have the opportunity to change the fabric of our country. We have the opportunity to reset the table in trade

US President stands firm on EU duty issue and demands energy purchases

US President Donald Trump confirmed today that already planned tariffs on imports from the European Union (EU) will take effect as planned, and demanded that the bloc buy more American energy to help reduce his country's trade deficit.

Oil prices rose by 1% after a sharp fall due to Trump's tariffs08.04.25, 09:19 • 5039 views

Trump rejected the EU's proposal for "zero" tariffs with the US on industrial goods.

Asked if the agreement that European Commission President Ursula von der Leyen proposed earlier today was enough, Trump said: "No. Not enough."

Allies are sounding the alarm

Trump's billionaire supporters and company executives are sounding the alarm. On Monday, JPMorgan Chase CEO Jamie Dimon said Trump's tariffs would burden the economy and raise prices.

Bill Ackman, an outspoken Trump supporter and billionaire hedge fund manager, opposed the policy in a series of social media posts over the weekend, urging Trump advisers to revise the tariff formula "before the president makes a big mistake," suggesting that all capital gains will be wiped out in 2025.

Dave Portnoy, the founder of Barstool Sports and a staunch Trump supporter, prepared for a turbulent day for the markets on Monday, which he proclaimed "#OrangeMonday," a not-so-veiled shot at the president.

Trump accused the EU of unfair trade policies and creating a monopoly08.04.25, 00:20 • 4364 views

Another member of the business community who seems dissatisfied with Trump's tariff plan is Elon Musk, the billionaire CEO of Tesla and SpaceX, who was Trump's right hand in rapidly cutting government programs and employees.

Musk promoted free trade and attacked Peter Navarro, Trump's chief trade advisor

He also laughed at Commerce Secretary Howard Lutnick's explanations for the administration's imposition of tariffs on a desert island.

A senior White House official, who insisted that the Trump team was not concerned about cracks forming in the coalition, said: "Elon is entitled to his own opinion."

Musk called on Trump to abolish new duties08.04.25, 08:04 • 9231 view