Trump promises the best economic growth despite criticism of tariffs

Newsblog on US politics

Trump: The best economic situation in history will come

Canada’s Prime Minister Mark Carney travels to Washington on Tuesday. US President Trump plans large budget cuts. All developments in the news blog.

Despite the currently low economic growth, President Donald Trump has confirmed that he was convinced of an economic upswing in the United States as a result of his politics. “I think we will experience the best economic situation in the history of our country. I think we will experience the biggest economic boom in history,” said Trump on Friday in an interview with the broadcaster NBC, which will be broadcast in full on Sunday.

According to Trump, the unexpectedly shrunk US economic performance is due to a “transition period”. “I think it will be fantastic,” he said at NBC. When asked whether the United States could slip into a recession, the president said: “Everything can happen.”

In the first three months of the year, the US economy has shrunk surprisingly. Consumers also look much more pessimistic into the future. US Central Bank Director Jerome Powell referred to the risks of growth and inflation, which are based on Trump’s customs policy.

In the United States, the tariffs announced by President Trump came into force on certain auto parts on Saturday. A surcharge of 25 percent applies. There are relief for manufacturers who ending their vehicles in the USA. You can have part of the tariffs reimbursed.

In addition, the additional tariffs on aluminum and steel should not be due for auto parts. This should avoid a double burden. US President Donald Trump announced these exceptions a few days ago. He reacted with the step to complaints in the industry.

The SAP CEO Christian Klein expressed a positive statement about meetings with US President Donald Trump. As a member of a group of corporate bosses, he experienced Trump in confidential round, said the head of the German software company in the magazine “Der Spiegel”. “It was a constructive exchange. And it is definitely the case that he listens and gives feedback,” said Klein. Read more about it here.

Just a few days ago, Donald Trump joked to want to be Pope. The thought has apparently not let him go since then: now he shared a AI image of himself in papal robes. Read here how he could be depicted.

Donald Trump has a large area saved in the US state apparatus. The large CIA foreign intelligence agency is also affected. The director selected by Trump wants to “act quickly”. Read more about the savings here.

In the dispute over the access of the Sparbemium Doge from Tech billionaire Elon Musk on sensitive citizen data, the US government has switched on the Supreme Court. With regard to the decision of a lower instance, President Donald Trump’s government wrote in her application to the Supreme Court that “blatant legal errors” was committed. Therefore, intervention of the Supreme Court is necessary.

The background is that lower instances Doge have temporarily prohibited access to sensitive data from the social security authority. Under flimsy suggestions, the committee received “unrestricted access” for “personal and private information from millions of Americans”, judge Ellen Lipton Hollander justified her injunction a few weeks ago.

The Footwear Distributors & Retailers of America (FDRA) trading group demands an exemption from customs for shoe brands such as Nike, Adidas America and Skechers in a letter from US President Donald Trump. The FDRA letter dated April 29 was signed by 76 shoe companies such as Deckers Brands, Capri Holdings, Under Armor and Vf Corp. “In view of the nature of the US shoe industry, American shoe companies and families are exposed to an existential threat through such significant cost increases.

Hundreds of companies are threatened by the closure, “says the letter. The trading group pointed out that the industry is already faced with significant taxes, including its infancy, which are often already taken into account with tariffs of 20 percent, 37.5 percent or more before the new tariffs are taken into account.