Trump keeps contradicting himself on tariffs, making a fragile world economy nervous

Josh Lipsky News

Trump keeps contradicting himself on tariffs, making a fragile world economy nervous
U.S. NewsRyan PetersenBusiness
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President Donald Trump can’t stop contradicting himself on his own tariff plans.

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What does it mean to you? Read full article: ‘Intangibly rich’ is the favorite phrase of the new Jaguars GM. What does it mean to you?Traffic Alert: Backups on I-295 South after crash near St. Johns Bluff and vehicle fire near St. Johns Town Center Read full article: Traffic Alert: Backups on I-295 South after crash near St. Johns Bluff and vehicle fire near St. Johns Town CenterJacksonville University board releases letter in support of president’s decision to cut programsRead full article: A screen time solution parents actually love — meet Pok PokGet a highly rated refurbished 13.3″ i5 8GB 128GB Apple MacBook Air for just $200President Donald Trump speaks with reporters as he and first lady Melania Trump depart on Marine One from the South Lawn of the White House, Friday, April 25, 2025, in Washington. The President and first lady will be traveling to Rome and the Vatican to attend the funeral for Pope Francis. President Donald Trump speaks with reporters as he and first lady Melania Trump depart on Marine One from the South Lawn of the White House, Friday, April 25, 2025, in Washington. The President and first lady will be traveling to Rome and the Vatican to attend the funeral for Pope Francis. President Donald Trump speaks with reporters as he and first lady Melania Trump depart on Marine One from the South Lawn of the White House, Friday, April 25, 2025, in Washington. The President and first lady will be traveling to Rome and the Vatican to attend the funeral for Pope Francis. President Donald Trump speaks with reporters as he and first lady Melania Trump depart on Marine One from the South Lawn of the White House, Friday, April 25, 2025, in Washington. The President and first lady will be traveling to Rome and the Vatican to attend the funeral for Pope Francis. He says he's on a path to cut several new trade deals in a few weeks — but has also suggested it'sTrump has said he will simply set new tariff rates negotiated internally within the U.S. government over the next few weeks — although he already did that on his April 2 The Republican president says he's actively negotiating with the Chinese government on tariffs — while the Chinese and U.S. Treasury Secretary Scott Bessent have said What should one believe? The sure bet is that uncertainty will persist in ways that employers and consumers alike expect to damage the economy and that leave foreign leaders scratching their heads in bewilderment.on China, leading China to retaliate with tariffs of 125% on the U.S. — essentially triggering a trade war between the world's two largest economies with the potential to bring onThe president told Time magazine in an interview released Friday that 20%, 30% or 50% tariffs a year from now would be a “total victory,” even though a financial market panic led him to “The deal is a deal that I choose,” Trump said in the interview. “What I’m doing is I will, at a certain point in the not too distant future, I will set a fair price of tariffs for different countries.”, a compilation of anecdotes from U.S. businesses prepared eight times a year, on Wednesday reported a huge spike in uncertainty among American companies that has caused them to pull back on hiring and investment in new projects. The word “uncertainty” cropped up 80 times, compared with 45 in early March and just 14 in January. Beyond the idea that Trump plans to keep some level of tariffs in place, the world finance ministers and corporate executives who gathered this past week in Washington for"There’s not a coherent strategy at the moment on what the tariffs are supposed to achieve," said Josh Lipsky, senior director of the GeoEconomics Center at The Atlantic Council. “My conversations with the ministers and governors this week at the IMF meetings have been they don’t understand completely what the White House wants, nor who they should be negotiating with.”Swiss President Karin Keller-Sutter, in an interview with broadcaster SRF released Friday, said after a meeting with Bessent that Switzerland would be one of 15 countries with which the United States plans to conduct “privileged” negotiations. But she said a memorandum of understanding would have to be reached for talks to formally begin. She was happy to at least know whom to talk to, saying that “we have also been assigned a specific contact person. This is not easy in the U.S. administration.”The South Korean officials who met with their U.S. counterparts this week say they specifically asked for the tariffs to be lifted with the goal of working toward an agreement by July. The European Union has pushed for cutting tariffs to zero for both parties, though Trump objects to European countries charging a value-added tax, which is akin to a sales tax that he says hurts U.S. goods. Trump continues to radiate optimism that negotiated deals with other countries will occur despite his claims that he will set his own deals and a lack of clarity about how the process goes forward. “I’m getting along very well with Japan,” Trump told reporters on Friday. “We’re very close to a deal.” As part of a deal with Japan, the Trump administration has publicly called on the Japanese government to change its auto safety standards that put a greater focus on pedestrian safety. But the steering wheels on autos sold in Japan are on the right-hand side, while U.S. automakers put their steering wheels on the left. “I don’t think left-hand drive cars sell in Japan,” Prime Minister Shigeru Ishiba told a parliamentary session this week. “We want to make sure we aren’t seen as being unfair,” Ishiba said, suggesting a possibility of reviewing Japanese car safety standards.As Trump continues to make conflicting statements about tariffs, companies are actively looking at higher prices, lower sales and possibly bare shelves in stores due to fewer shipments from China. Ryan Petersen, CEO of Flexport, a supply chain company, said on the social media site X: “In the 3 weeks since the tariffs took effect, ocean container bookings from China to the United States are down over 60% industry wide.” Consumers are getting notices via email and social media from retailers that lamps, furniture and other housewares will now include tariff-related charges. The showerhead company Afina on Wednesday reported on a test to see if people would buy an American-made product that cost more than an import. Their Chinese-made filtered showerhead retails for $129, but to manufacture the same product domestically would take the price up to $239. When customers on the company's website were given a choice between a showerhead made in the USA or a cheaper one made in Asia, there were 584 purchases of the $129 model made abroad and not one sale of the domestically produced showerhead. Ramon van Meer, Afina’s founder, said in an interview that the “scale and the speed” of the tariffs were part of the challenge for smaller businesses looking to adapt, adding that part of the challenge is that Trump imposed the import taxes “without proper planning or announcements.” He concluded in his written analysis: “If policymakers and pundits want to rebuild American industry, they need to grapple with this truth: idealism doesn’t always survive contact with a price tag.”AP economics writer Christopher Rugaber in Washington and AP writers Jamey Keaten in Geneva and Mari Yamaguchi in Tokyo contributed to this report. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Read full article: A screen time solution parents actually love — meet Pok PokGet a highly rated refurbished 13.3″ i5 8GB 128GB Apple MacBook Air for just $200

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U.S. News Ryan Petersen Business Ramon Van Meer Karin Keller-Sutter Shigeru Ishiba World News Donald Trump Washington News Scott Bessent

 

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