The president of the United States, Donald Trumpit has subtracted importance on Tuesday to the recent losses in US bags and has ruled out that the country will enter a recession before his recent tariff threats.
“I don’t see it at all. I think this country will prosper “he pointed out on Tuesday from the White House when asked about a possible recession in the country, adding next to the billionaire tycoon Elon Musk that The markets “will go up and down”but what The economy will be “real” and not “fictitious”according to Bloomberg.
Trump defended that during his first term (2017-2021) the US economy was In good shapealthough in his last stage he suffered serious ravages for the pandemicand blamed his successor, the Democrat Joe Biden (2021-2025), of the current inflationary context.
“Biden left us a horrible economy. He left us terrible inflation, and I think the market was going very, very badly, “he lashed out.
The industrial index Dow Jones has closed this Tuesday with 1.14% losseswhile the index S&P has fallen 0.76% and the technological Nasdaq has slightly collapsed 0.18% In a new day of volatility In the bags.
Collect on the increase in tariffs to Canada
The tycoon has opened the door on Tuesday to Do not raise tariffs on steel and aluminum from Canada to 50%announced in response to the decision of the province of Ontario If 25% increase the electricity that sells to their neighboring country, a measure that has finally been suspended. “I am considering it, but probably yes”he said.
The Prime Minister of Ontario, Doug Ford, He had suspended surcharge on electricity exports to the US after the US Secretary of Commerce, Howard Lutnickhave agreed to meet with the provincial leader This Thursday in Washington to address economic relations on both sides of the border.
Previously, Trump had reported that the tariffs on Canadian steel and aluminum would increase to 50% from tomorrow in retaliation due to the rise of the ontarium energy invoice.
