Trump concedes there may be "transition problems" as markets plunge again following tariff pause

 https://edition.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-10-25/index.html

President Donald Trump offered a more sober assessment of the aftermath of his decision to pause some tariffs for 90 days, while convening his Cabinet to discuss next steps.

After taking a victory lap Wednesday, the president on Thursday acknowledged some “transition problems” could be expected – comments that come as the Dow is again tumbling after a historic rally.

“A big day yesterday. There will always be transition difficulty – but in history, it was the biggest day in history, the markets. So we’re very, very happy with the way the country is running. We’re trying to get the world to treat us fairly,” Trump said in the Cabinet Room.

He continued, “We think we’re in very good shape. We think we’re doing very well. Again, there’ll be a transition cost and transition problems, but in the end, it’s going to be a beautiful thing.”

The president praised his Cabinet, whom he has tasked with plans on how to proceed with trade deals and negotiation with China in what is becoming an intensifying trade war with Beijing.