9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.76 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Trump on the impact of tariffs on recession

US President Donald Trump, when asked whether a recession is expected this year due to the impact of tariffs on steel and aluminum imports, stated that he “hates” to make such predictions.

Trump on the impact of tariffs on recession

 “There is a transition period right now because what we are doing is so big. We are bringing wealth back to America,” Trump stated, adding that these processes may take time.

Tariffs and Inflation Relationship

Addressing the question of whether the tariffs would fuel inflation, Trump emphasized that tariffs could affect inflation, but that interest rates were also falling. The US President said the suspension of tariffs on Mexico and Canada until April was to help automakers and that after April 2, everything will be “reciprocal”.

Tensions with Democrats

Trump criticized the Democrats' reaction to his speech in Congress with written protests, saying, “I don't believe it. They were talking about men playing in women's sports. Republicans were going crazy and Democrats were holding up their little signs. It's unbelievable. They don't understand,” he noted.

Criticism of Aid to Ukraine

Criticizing the US aid to Ukraine, Trump stated that Ukrainian President Volodymyr Zelensky received weapons from the US “like candy from a baby”. He also added that the United States has some weaknesses with Russia, signaling that Ukraine may not be able to stand up to Russia.

Comments on Russia, China and Panama

Trump said that no one had been as tough on Russia as he was and that he had stopped the Nord Stream 2 pipeline during his previous presidency. He also stated that he has established good relations with Chinese President Xi Jinping and North Korean leader Kim Jong-un. Trump also made statements about the Panama Canal, arguing that the canal was “given to Panama for no reason” and emphasized that they would take it back.

Golden Card and Social Security Reform

Trump stated that he would not touch social security programs such as Medicaid, which provides health care for low-income individuals, and Medicare, health insurance for the elderly, but said he would end “corruption” in these programs. He also noted that companies like Apple could get a “golden card” for USD 5 million to hire foreign labor. He stated that this card would be more advantageous than the green card.

Criticism and Corruption Accusations

Trump claimed that Elon Musk had uncovered “sham contracts” under former President Joe Biden. He also stated that there was excessive spending on “trans rat surgeries” under the Biden administration and associated this issue with corruption.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Investment opportunities in Tashkent

Wednesday, April 30, 2025

DNA PC Strand is the Silver Sponsor of Steel Summit 2025!

Wednesday, April 30, 2025

Türkiye's iron and steel export value increased by 18% in March

Wednesday, April 30, 2025

TUBACEX IBF Kazakhstan to build seamless pipe production plant in Kazakhstan

Wednesday, April 30, 2025

Saudi Arabia and Egypt deepen cooperation in steel production and exports

Wednesday, April 30, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now