President Donald Trump said he is not looking to pause his tariffs before they go into effect Wednesday, despite turmoil in the stock market and global economic fears.
“We’re not looking at that,” Trump said Monday when asked if he was thinking about taking more time to enact his sweeping tariffs. Instead, the president said countries could work to restore balance in trade relations with the U.S. through other actions.
"We have many, many countries that are coming to negotiate deals with us," Trump said. "They’re going to be fair deals, and in certain cases, they’re going to be paying substantial tariffs."
For some, those discussions are already underway, with the president touting a “very good” conversation with Japan on Monday, and saying that he expects that his administration will soon be speaking with China, among other nations. Tariffs on China are expected to rise to 104% on Wednesday.
China’s Ministry of Commerce responded by saying it would take “countermeasures” if the U.S. raises tariffs further.
