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Trump says tariff may cause short-term disruption

Published by Global Banking & Finance Review

Posted on January 31, 2025

1 min read

· Last updated: January 26, 2026

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Trump highlights tariffs' short-term consumer impact during press conference - Global Banking & Finance Review
President Trump addresses the potential short-term disruption caused by tariffs during a press conference, emphasizing consumer cost impacts and market reactions.
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WASHINGTON (Reuters) - U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term

Trump Acknowledges Tariffs May Lead to Temporary Consumer Disruption

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption.

But the Republican president told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans to impose tariffs on Feb. 1.

(Reporting by Trevor Hunnicutt, writing by Andrea Shalal)

Key Takeaways

  • Trump admits tariffs could lead to temporary consumer disruption.
  • Tariff costs may be passed to consumers.
  • Trump plans to impose tariffs on February 1.
  • He is not worried about financial market reactions.
  • The announcement was made in the Oval Office.

Frequently Asked Questions

What did President Trump say about tariffs?
President Trump acknowledged that tariff costs are sometimes passed along to consumers and that his plans to impose tariffs may cause short-term disruptions.
Is Trump concerned about market reactions to tariffs?
No, President Trump stated that he was not concerned about the reaction of financial markets to his plans to impose tariffs.
When does Trump plan to impose the tariffs?
Trump plans to impose the tariffs on February 1.

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