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President Trump says that these import taxes will actually help strengthen the economy in the long term, and he's also downplaying any sort of talk that they'll lead to recession. We were allowing them to take our jobs and take our factories, and we don't do that anymore. President Trump defending new tariffs, launching today *** 25% tax on all steel and aluminum imports, continuing *** stock market sell off nearly 10%. From *** record high in the past month. Markets are going to go up and they're going to go down, but you know what, we have to rebuild our country. Convinced the tariffs will pay off, pushing jobs and production back to the US despite fears of *** recession. I don't see it at all. I think this country is going to boom, brushing off his earlier prediction, I can do it the easy way or the hard way. The hard way to do it is exactly what I'm doing, but the. going to be 20 times greater. signed Tuesday on his tariff policy threatening taxes as high as 50% on steel and aluminum from Canada. We have to bring confidence to not only American companies but Canadian companies as well, pulling back the threat only after Canada suspended plans to surcharge electricity sold to the US It's not about backing down. It's about sitting around the table and negotiating. *** fair deal. New inflation data out this morning came in higher than expected. Grocery prices remained flat in February. Meanwhile, rent prices continue to be the main driver behind higher costs that have remained stubbornly elevated ever since hitting *** 3.5 year low just last September. At the White House, I'm Amy Lowe.