Pinned
President Donald Trump said on Monday that he is not looking to pause his tariff plan and that countries are seeking to negotiate deals with the White House.
Earlier Monday, the three major U.S. stock indexes see-sawed after CNBC aired “unconfirmed information” claiming that Trump was considering a 90-day pause. However, the White House said on social media that such reports were “fake news.”
Later, when speaking to reporters in the Oval Office, Trump was asked about a possible pause on tariffs to allow talks on deals.
President Donald Trump would veto a bipartisan Senate bill that would give Congress more power over tariffs if it reaches his desk, the White House said on April 7, warning the legislation would weaken the chief executive’s ability to respond to foreign threats and protect national security.
The OMB said the bill would limit the president’s ability to impose new tariffs by requiring congressional approval within 60 days and by requiring the administration to notify Congress within 48 hours of imposing or increasing duties.