Seeking Fair Deals, Open to Negotiation, Eyes Stronger Economic Impact

On Monday, President Donald Trump stated that the proposed tariff arrangements were designed to promote fairness. He indicated a willingness to negotiate if other nations were prepared to reach a fair agreement. He emphasized that the current situation was not equitable from the US perspective, highlighting the long-standing advantages enjoyed by other countries.

Trump asserted that his second term would surpass his first in terms of tariff collection and economic impact. He pointed to the significant tariff revenue generated during his first term, while also noting the absence of inflation and the overall financial success of that period. He expressed confidence that the upcoming term would be even more successful, stating that the US had already collected over a hundred billion dollars in tariffs.

He addressed other countries, noting that some were willing to negotiate fairly, while others had become accustomed to taking advantage of the US. He concluded by stating that he was open to alternative proposals.

When questioned about the August 1 deadline for US tariffs, President Trump indicated that while the deadline was firm, it was not absolute. He clarified that he would be open to considering alternative approaches if other countries were to propose them.

Finally, Trump confirmed that his administration had sent letters to 14 countries, informing them of the reciprocal tariffs scheduled to take effect on August 1.