Trump is doubled on the tariffs because the shares are sinking: “I’m not going to bend”

President Donald Trump On Thursday, its tariff plans doubled, even when its economic agenda continued to rattle investors and contributing to the back course on the stock market.

“I’m not going to bend at all,” Trump said when asked about his tariff plans during the Oval Office meeting with NATO Secretary General Mark Rute.

“We have been thwarted for years, and we are no longer going to break,” he said.

Trump specifically stated that he would not change his mind about the introduction of broad “mutual tariffs” in other countries that put trade barriers to US goods. The White House was told that these tariffs should come into force on April 2.

He then nominated Canada, criticizing the main trading partner and stated: “We don’t need anything that is,” repeating his calls to turn the US Northern neighbor into a “51st state.”

Trump added: “There will be a slight breakdown, but it will not be very long.”

Trump’s comments came when the main stock indexes continued to collapse on Thursday, with S&P 500 falls 10% Of the recent highs and joining the territory.

Many analysts and business executives warn that Trump tariffs and their unpredictable use were sowed by chaos in the markets.

But Trump continued to issue new tariff threats This week, when he seeks to return to the countries that avenged his actions.

After the new US rates for the steel imports and aluminum came into force on Wednesday, the European Union replied, announcing the plan for the introduction of 50% of the tariffs for imports of American whiskey and other US goods.

Trump pounced on Thursday morning, saying that he would hit 200% of the EU’s export tariffs – including all the guilt and French champagne – unless the block is refused.

Earlier in a week, Trump threatened to double his fares on steel and aluminum from Canada, starting Wednesday, in response to Ontario’s decision Dress the tax on 25% by exports of electricity to the US

The Prime Minister of the Ontario Doug Ford stopped his counter -looms in a few hours, and Trump abandoned his threat.