Thursday, May 01, 2025

US_ Trump: US Economy Heading in Right Direction, China Will Probably Eat Tariffs

THE EPOCH TIMES

Trump: US Economy Heading in Right Direction, China Will Probably Eat Tariffs

The president discussed the economy and the impact of his recent tariffs on America’s trading partners.


President Donald Trump speaks to reporters in the Oval Office of the White House on Feb. 03, 2025. Anna Moneymaker/Getty Images

By Katabella Roberts
4/30/2025 Updated: 4/30/2025


President Donald Trump defended his trade policies on April 29 and sought to ease Americans’ concerns about the economy, saying that China “probably will eat those tariffs.”

Trump made the comments in an
interview with ABC News anchor Terry Moran when asked if Americans can expect “hard times ahead.”

Trump said he did not believe this to be the case, stating that “great times are ahead” for the U.S. economy and that it is “all heading in the right direction.”

The interview focused significantly on concerns about the overall outlook for the U.S. economy and the impact of the administration’s tariffs, which include a 10 percent universal baseline levy on most U.S. trading partners, currently in effect.​

On April 9, the administration announced a 90-day pause on reciprocal tariffs for all countries except China. Most goods from China are subject to a 145 percent tariff. Some Chinese imports, such as electric vehicles, face combined tariffs of up to 245 percent. This includes a 125 percent reciprocal tariff and a 20 percent tariff to address the fentanyl crisis, according to a White House
fact sheet.

Moran asked the president how he would address concerns, adding that some people who voted for him have said, “I didn’t sign up for this.”


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READ MORE: https://www.theepochtimes.com/us/trump-us-economy-heading-in-right-direction-china-will-probably-eat-tariffs-5849984?ea_src=frontpage&ea_cnt=a&ea_med=top-news-1-top-stories-0-title-1

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