Rome, April 7 (LaPresse) – "I don’t think inflation will be a big problem." This was the response of U.S. President Donald Trump when asked about a possible consequence of a persistent trade war, as he spoke to reporters traveling with him on Air Force One while returning from Florida to Washington, D.C. on Sunday evening. The White House chief defended his hefty tariffs in the context of declining markets, stating that he does not want to "lower anything."
"If you look at the trade deficit we have with some countries, with China it's one trillion dollars," said Trump. "We need to solve our trade deficit with China… We’re losing hundreds of billions of dollars a year to China. And if we don’t solve this issue, I won’t make a deal," Trump continued.
"This is not sustainable," he said, referring to the U.S. trade deficit. "The U.S. cannot lose $1.9 trillion in trade. We can’t do that and also spend a lot of money on NATO to protect European nations, covering them with the military while losing money in trade. This whole situation is crazy, and I was elected on this basis. We explained it. The American people understand it much better than the media, but the media get it, and many of the media are writing about it correctly," he added.
When asked if he had set a threshold for how much the markets should drop, Trump responded: "I don’t want anything to happen. But sometimes you have to take medicine to fix something."
Trump argues that for years, other countries have taken advantage of the United States in terms of trade policy, hurting U.S. workers and producers.
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