Emre Yumlu 
President Donald Trump is challenging a view that has been spreading among Wall Street analysts lately. According to this view, financial turmoil (a market crash, a recession threat, a weak dollar) could force Trump to back down on tariffs. However, Trump has firmly opposed this possibility and continues to defend his own economic policies.
Trump Talks About Tariff Cuts
“These things always affect you a little bit,” Trump said of the discussions. But he made it clear: “There’s no specific number, no specific red line that would make me change course.”
This statement shows that Trump is not considering any flexibility in his trade policies and is determined to continue his approach to tariffs. Trump, who particularly emphasized how important tariff policies are for economic stability, stated that developments such as financial crises or the weakening of the dollar are not sufficient reasons for him to back down on these policies.
Customs Duties and Economic Stability
Trump states that customs duties not only increase government revenues, but are also critical for protecting the American workforce. The president, who particularly emphasizes that cheap goods coming from foreign countries harm domestic producers and increase unemployment rates, states that high tariffs are necessary for the long-term interests of the economy for these reasons.
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