Trump informs CEOs: tariffs may exceed 25%

On March 12, Jinshi data reported that US President Trump told CEOs of large companies on Tuesday that the new tariffs could be higher than 25%. Tariffs are having a huge positive impact, Trump said at a business roundtable meeting, and he is indifferent to the stock market’s reaction. He said that tariffs could be higher than 25%, and the higher the tariffs, the more likely they are to build factories in the US. He also defended Musk, who is leading efforts to reduce the federal government in the White House. Trump said, ‘We encountered some minor issues, not major ones, but we saved a lot of money.’