Trump: Economy is going to “blow it away”.Likely to backs down on 50% tariffs on Canada

  • Economy is going to blow it away
  • US had to do the tariffs
  • Have to get workers back and factories open
  • Markets are going to go up and down, but have to rebuild the country
  • Respects materials decision to suspend 25% energy surcharge.
  • Hopefully Russia will agree to the cease-fire.
  • We want to get the Ukraine war over with
  • We are going to meet with Russia later today or tomorrow.
  • He would invite Zelenskiy back to the White House.
  • Looking to reduce tariffs on Canada now. Say’s “probably so”
  • We will probably make a different tariff decision.
  • I will let you know if the 50% tariffs will go into effect.
  • Does not see a recession at all
  • The country is going to boom.
  • US stock sell-off does not concern him.
  • He will speak with Putin this week, but it takes two to tango.
  • Hopes to have a ceasefire in the coming days.

He also says:

  • He is going to buy a Tesla.
  • Musk says Tesla is going to double US output in the next 2 years.

Shares of Tesla are up $12.81 or 5.6% at $235.

There are a lot of balls in the air (that is par for the course), but with the Russia/Ukraine war and the US/Canada trade war going on as well, the bias is swinging once again to the upside/positive side for both.

This article was written by Greg Michalowski at www.forexlive.com.