
Speaking to reporters before boarding Air Force One in New Jersey, Trump echoed Treasury Secretary Scott Bessent’s recent comments that the U.S. doesn't necessarily need a booming textile industry—a stance that has drawn criticism from the National Council of Textile Organizations.
“We’re not looking to make sneakers and T-shirts,” Trump said. “We want to make military equipment, big things, AI, computers, chips, tanks, and ships.”
Trump, who has roiled global markets with sweeping tariffs, reignited his aggressive trade stance on Friday by proposing a 50% duty on European Union goods from June 1, and floated a 25% tariff on all imported iPhones sold to U.S. consumers.
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