U.S. President Donald Trump acknowledged on Thursday that "prices may rise" due to the imposed tariffs on steel and aluminum. This statement came after the American National Bureau of Economic Research raised its estimate for economic growth in the second quarter from 4.6% to 4.8%.
He also added, "Either you pay this in the U.S. for the production release, or you pay tariffs, which could go up to 25%." Trump promised that in the event of the implementation of this measure, the U.S. would receive a tremendous amount of money that, according to him, should have been paid to companies due to tariffs.
"I think your prices may increase and, possibly, they may not go up, but they could rise. We are already paying for our products the lowest prices," he noted. "What is the point in having a country that fights for you on all fronts if business is going to go elsewhere?"
This spring, the American leader proposed to introduce tariffs of 25% on imported steel and 10% on aluminum. And this prompted fierce dialogues with the European Union, Canada, and other countries, raising worries about their export goods.
