Trump informs CEOs: Tariffs may rise above 25%

U.S. President Trump told CEOs of large corporations on Tuesday that new tariffs could be higher than 25%. "Tariffs are having a huge positive impact," Trump said at a business roundtable, indifferent to the stock market's reaction. He stated that tariffs could exceed 25%, and the higher the tariff, the more likely they are to build factories in the U.S. He also defended Musk, who is leading White House efforts to reduce federal government size. Trump said: "We've encountered some minor issues, not major ones, but we've saved a lot of money."