US President Donald Trump, in a meeting with Roger Penske’s NASCAR, INDY, and IMSA Champions at the White House, defended his recent decision to increase tariffs on China to 125 per cent, asserting that “somebody had to do it.” Trump emphasized that the tariff hike was essential due to the unsustainable trade imbalance with China. He stated that no other US leader would have made such a bold move. The President’s remarks came during his interaction with the racing champions at the White House. Trump’s stance on tariffs has been a contentious issue, with critics expressing concerns about its impact on global trade. However, the President remains steadfast in his approach, believing that it is necessary for the country’s economic interests. The meeting with the racing champions provided an opportunity for Trump to reiterate his administration’s commitment to addressing trade disparities and ensuring a level playing field for American businesses. The President’s remarks come amid ongoing trade tensions between the US and China, with both countries imposing tariffs on each other’s goods. Trump’s decision to escalate tariffs has drawn mixed reactions, with some applauding his tough stance on trade while others cautioning about its potential consequences. Despite the criticisms, Trump continues to defend his trade policies, underscoring the importance of rebalancing trade relationships for the benefit of the American economy.

Posted in
JUST IN
Trump justifies raising tariffs on China to 125%, calls it necessary for trade imbalance, defends bold decision.
In Trend

“India’s EV market sees exponential growth, surpassing 6 lakh units in FY21, reports SMEV.”
