United States President Donald Trump defended his administration's sweeping tariff policies on Thursday, warning of an inevitable "transition cost" but promising long-term benefits.
Speaking from the Oval Office during a cabinet meeting, the president acknowledged short-term economic disruption. He also reiterated the claim that the country is making over $2 billion a day with the new tariff policy. Moreover, he asserted that the administration is currently working with a "lot of countries" on new deals.
The comments follow Trump's decision to delay reciprocal tariffs on most partners for 90 days, a move Treasury Secretary Scott Bessent praised as an act of "great courage."
