Trump says tariffs on China, Canada, Mexico from Feb 1 may cause short-term disruption

Published on 1 Feb 2025 5:03:05 PM

US President Donald Trump on Friday (Jan 31) acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption.

But Trump told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans to impose tariffs on Chinese, Mexican and Canadian goods starting from Feb 1.

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