During remarks delivered to the press during his weekly Executive Order signing, US President Donald Trump added further, though not always clear, tariff comments to his social media posts earlier Friday.
Key highlights
We're talking about big factories. Technology has come a long way in terms of safety and cost.
We need a tremendous amount of electricity.
Talks with the EU are going slowly.
(On his threat of new 50% tariffs on the EU): I'm not looking for a deal, the tariffs are set at 50%.
I can talk about delaying the EU tariffs if they start moving factories to the US.
We have a lot of other deals ready to be signed. (On his proposed 25% tariffs specifically targeting Apple (AAPL): The tariffs would be higher, and Samsung would be hit too.
If Apple and Samsung build factories in the US, there would be no tariffs.
Cook said he would go to India, but the tariffs would still apply.
If they sell in the US, they should be made in the US.
I don't want consumers to pay tariffs. Tariffs help, not hurt.
Some products that the US doesn't want made, are better made elsewhere. (alg)
Source: FXstreet
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