Trump tells CEOs tariffs may go above 25%
President Donald Trump told major CEOs on Tuesday that tariffs may rise above 25%, claiming they are having a "tremendously positive impact." He argued higher tariffs would push companies to build in the U.S.
- U.S. Politics
- Reuters
- Published Date: 12:59 | 12 March 2025
- Modified Date: 01:31 | 12 March 2025
President Donald Trump told CEOs of major companies on Tuesday that new tariffs may go higher than 25%.
"The tariffs are having a tremendously positive impact," Trump told the Business Roundtable, brushing off the stock market reaction. He said they may rise above 25%. "The higher it goes the more likely it is they're going to build" in the United States.
He also defended Tesla CEO Elon Musk, who is leading a White House effort to shrink the federal government. "We've had some little hiccups, not big hiccups, but we saved a tremendous amount of money," Trump said.