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Headlines

Trump says tariff may cause short-term disruption

Published by Global Banking and Finance Review

Posted on January 31, 2025

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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 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)