Trump Drops Eye-Watering Number for How Long High Prices Could Last
Donald Trump suggested the U.S. had taken too shortsighted an approach to financial stability.

Americans should come up with a totally new calendar to measure how long they’ll be affected under the president’s tariff plan, per the president.
During an interview with Fox Business’s Maria Bartiromo that aired Sunday, Donald Trump dodged whether the country would dive headlong into a recession, and suggested that Americans should model their economic projections on a 100-year model—like China—rather than assess his performance on a quarterly basis.
“Look, what I have to do is build a strong country,” the president continued, responding to criticism about the recent stock market drop. “You can’t really watch the stock market. If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters. And you can’t go by that.”
Trump: "There could be a little disruption. Look, what I have to do is build a strong country. You can't really watch the stock market. If you look at China, they have a 100 year perspective. We go by quarters. And you can't go by that." pic.twitter.com/xv5hQGDvw7
— Aaron Rupar (@atrupar) March 9, 2025
Last month, Trump announced he would impose a 25 percent tariff on goods from America’s closest neighbors. Two days later, he backtracked, giving Canada and Mexico a one-month delay. On March 4, the tariffs went into effect, sparking retaliatory tariffs from Canada, as well as outcry from America’s Big Three automakers.
A couple more days later, Trump directed another one-month pause for goods that met his 2020 trade deal, the United States-Mexico-Canada Agreement, which a White House official told CNBC covered roughly 50 percent of Mexican imports and 38 percent of Canadian imports. And then, in an interview that aired Friday, Trump said the tariffs could go higher than 25 percent.
As a result, the last week saw drastic market fluctuations, with the stock market tumbling as the tariffs went into effect. The Dow dropped 670 points, and by the end of the week, Republican lawmakers were fed up.
“The tariffs could go up as time goes by, and they may go up,” Trump told Bartiromo. “We may go up with some tariffs. I don’t think we’ll go down, but we may go up.”
“For years, globalists have been ripping off the United States. They’ve been taking money away from the United States, and all we’re doing is getting some of it back, and we’re going to treat our country fairly,” Trump said, echoing language from one of his former key advisers, Steve Bannon. “This country has been ripped off from every nation in the world, every company in the world. We’ve been ripped off at levels never seen before, and what we’re going to do is get it back.”