Trump says it could take 2 years before tariffs result in American manufacturing boom
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President Donald Trump stated on April 3, 2025, that it could take two years for his tariffs to lead to a manufacturing boom in the U.S.; he announced a 10% tariff on all trade partners and higher tariffs on specific nations like China; Trump compared the economy to a sick patient needing surgery, asserting that short-term pain is expected; Jay Timmons, CEO of the National Association of Manufacturers, criticized the tariffs, warning they threaten investment and jobs; China retaliated with a 34% tariff on U.S. goods, causing further market declines; Trump emphasized his policies will not change despite market reactions.
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