Trump says his tariffs aim to promote US production of tanks, not T-shirts: 'We want to make big things'
1. Trump emphasizes tariffs to boost domestic manufacturing in technology and military sectors. 2. AAPA criticizes tariffs, warning they raise costs for manufacturers and consumers. 3. 50% tariffs on EU goods proposed, with a deadline extension for negotiations. 4. Potential 25% tax on imported iPhones threatens consumer prices and market stability. 5. Current U.S. economy still reliant on foreign supply chains for lower-cost goods.