Trump "No intention to raise tariffs further... Also suggests possibility of reduction"

President Trump closely observing the impact of tariffs on the domestic economy (Source: FT)

President Donald Trump of the United States has stated that he has no intention to further increase the currently imposed tariffs. According to Reuters, President Trump said to reporters at the White House, "I do not want tariffs to keep rising."

He expressed concern about the impact of high tariffs on consumer sentiment, saying, "When prices exceed a certain level, consumers stop opening their wallets." He added, "There will be no further tariff increases, and I may not even want to maintain the current tariff rates," hinting at the possibility of a tariff reduction.

President Trump indicated his consideration of the broader effects of tariff policy on the real economy by stating, "Consumers must continue to spend. But consumption stops when a certain threshold is reached."

Amid the ongoing debate over tariff policy, Trump's recent remarks could be interpreted as a signal of stepping back from his previous hardline stance, which may have significant impacts on the future global trade environment and market sentiment.