
Trump says US wants tanks and ships over t-shirts and socks amid tariff talks
MORRISTOWN (United States), May 26 — US President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts.
Speaking to reporters before boarding Air Force One in New Jersey, Trump said he agreed with comments from Treasury Secretary Scott Bessent on April 29 that the US does not necessarily need a 'booming textile industry' – comments that drew criticism from the National Council of Textile Organizations.
'We're not looking to make sneakers and T-shirts. We want to make military equipment. We want to make big things. We want to make, do the AI thing,' Trump said.
'I'm not looking to make T-shirts, to be honest. I'm not looking to make socks. We can do that very well in other locations. We are looking to do chips and computers and lots of other things, and tanks and ships,' Trump said.
The American Apparel & Footwear Association said in response to Trump's remarks that tariffs were not good for the industry.
'With 97 per cent of the clothes and shoes we wear being imported, and with clothes and shoes already the most highly tariffed industry in the U.S., we need to focus on common sense solutions that can move the needle,' AAPA President Steve Lamar said in a statement.
'More tariffs will only mean higher input costs for US manufacturers and higher prices that will hurt lower income consumers.'
Trump, who has upended world markets with the broad imposition of tariffs, revived his harsh trade rhetoric on Friday when he pushed for a 50 per cent tariff on European Union goods starting June 1 and warned Apple he may impose a 25 per cent levy on all imported iPhones bought by US consumers.
But he dialed back on the EU threat on Sunday, extending a deadline for those tariffs until July 9 to allow for talks between Washington and the 27-nation bloc.
Trump won the 2016 and 2024 US presidential elections in part by appealing to working class voters hurt by the loss of US manufacturing jobs over many years.
He has sought to make good on his promises to boost manufacturing with import tariffs and heralding investments by companies and foreign nations into the United States, even as the US economy remains dependent on supply chains with other countries where many goods, including textiles, are produced less expensively. — Reuters
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
43 minutes ago
- The Star
Top Cuban official accuses US of escalating tensions, raises concerns of conflict
FILE PHOTO: Johana Tablada, Cuba's deputy director of U.S. affairs, addresses the media in Havana, Cuba, April 15, 2024. REUTERS/Alexandre Meneghini/File Photo WASHINGTON (Reuters) -A visiting senior Cuban official on Tuesday accused the Trump administration of ratcheting up tensions between Washington and Havana and expressed concerns that the U.S. was trying to provoke a military confrontation. Speaking to reporters at the Cuban Embassy in Washington, Johana Tablada, deputy director for U.S. affairs in Cuba's foreign ministry, said an armed clash between the two old Cold War rivals was "not a good idea" and that the Cuban government was trying to ease the situation but that the U.S. appeared determined to further damage relations. Tablada said new Trump administration measures targeting Communist-ruled Cuba intend to "dynamite our relation(ship) to really provoke a rupture of relation, and even to create conditions, in my opinion, for, if necessary, a military confrontation." Republican U.S. President Donald Trump and his top officials have taken a hardline approach to Cuba since he took office in January, returning longtime foe Cuba to a U.S. list of State Sponsors of Terrorism, tightening rules on remittances, and shutting off migration programs that allowed some Cubans to work in the U.S. legally. Trump officials have not publicly threatened any military action. The U.S. State Department did not immediately respond to a request for comment. U.S. Chief of Mission Mike Hammer - the top U.S. diplomat in Havana - has traveled the island widely in recent months to meet with political dissidents, raising the ire of the Cuban government, which accuses him of seeking to foment unrest. Cuba's foreign ministry last week issued a verbal warning to Hammer, saying he had incited "Cuban citizens to commit serious criminal acts, attack the constitutional order, or encourage them to act against the authorities," calling his actions a violation of the Vienna Convention norms on diplomatic relations. Tablada accused Hammer of channeling U.S. humanitarian funds to undermine the Cuban government and said Cuban diplomats would not be allowed to engage in similar behavior in the U.S. 'To push both countries into scenarios of confrontation and collision is not a good idea,' she said. Just days before Trump took office in January former President Joe Biden's administration removed Cuba from its terrorism blacklist, effectively reversing sanctions from Trump's first term. After returning to office, Trump quickly returned Cuba to the blacklist and also reinstated many of the restrictions on trade and travel that Biden had eased. (Reporting by Ted Hesson; Additional reporting by Matt Spetalnick; Editing by Don Durfee and Alistair Bell)


The Star
3 hours ago
- The Star
Palantir defies tech gloom as Trump momentum powers stellar share gains
FILE PHOTO: A banner featuring the logo of Palantir Technologies (PLTR) is hung at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. REUTERS/Andrew Kelly/File Photo (Reuters) -Palantir Technologies has succeeded where most tech stocks have struggled this year: staying hot in a cooling market. The company's military-grade AI tools along with its deep defense ties and high-level government connections at a time when the U.S. is boosting spending on defense software have helped investors raise the bets on the stock. It has surged more than 70% this year and is the S&P 500's second-best performer - a standout in an otherwise sluggish tech market roiled by investor worries over U.S. tariffs and economic uncertainty. Palantir co-founder Peter Thiel was an early backer of President Donald Trump and has close ties with key Washington lawmakers, including Vice President JD Vance, whom he supported in a 2022 U.S. Senate race. "The relationships that Palantir's with senior members of the Trump administration are helpful for business," D.A. Davidson analyst Gil Luria said. Palantir in April won a $30 million contract from the U.S. Immigration and Customs Enforcement to develop an operating system that identifies undocumented immigrants and tracks self-deportations, its largest single award from the agency among 46 federal contract actions since 2011. "They probably benefit a little bit more with Trump because of the impetus on security, border and immigration," said Francisco Bido, senior portfolio manager at Palantir investor F/m Investments. "They're going to get a lot of work out of that." Palantir, however, downplayed the impact of political goodwill. "The politics around it change, so it gets increased visibility but we've been working with ICE since 2010," the company's communications head, Lisa Gordon, told Reuters. Founded in 2003 and listed in 2020, Palantir, which was initially backed by the CIA, has drawn investor interest in its growing AI platform that allows companies to simulate AI-related scenarios, debug code and test large language models. "No other large software company can currently combine that level of growth with high profitability and unique offering," Luria said. But its growth has largely been driven by U.S. government contracts which made up for more than 42% of its revenue in the March quarter. Sales to U.S. businesses accounted for 29%, while commercial sales outside the U.S. were down 5% from a year ago - a slide that some analysts point to Palantir's polarizing political profile and America-first stance. The rally in its stock builds on a 12-fold surge over the past two years that outpaced gains in red-hot companies such as Nvidia and brings with it a valuation premium. Palantir trades at a forward price-to-earnings ratio of 200.47, compared with Nvidia's 27.96. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Aditya Soni and Arun Koyyur)


Free Malaysia Today
4 hours ago
- Free Malaysia Today
White House says Trump, Xi will ‘likely' talk this week
Donald Trump said in April that Xi Jinping had called him, but China denied the presidents had spoken recently. (EPA Images pic) WASHINGTON : US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, the White House said today, as trade tensions between the world's two biggest economies ratchet back up. Trump reignited strains with China last week when he accused the world's second-biggest economy of violating a deal that had led both countries to temporarily reduce huge tit-for-tat tariffs. 'The two leaders will likely talk this week,' press secretary Karoline Leavitt told reporters outside the West Wing when asked whether Trump and Xi would speak. Asked about the statement today, a spokesman for China's foreign ministry said Beijing had 'no information to provide'. Trump and Xi have yet to have any confirmed contact more than five months since the Republican returned to power, despite frequent claims by the US president that a call is imminent. Trump even said in a Time Magazine interview in April that Xi had called him – but Beijing insisted that there had been no call recently. The US leader introduced in April sweeping worldwide tariffs that targeted China most heavily of all, accusing other countries of 'ripping off' the US and running trade imbalances. Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days after talks between top officials in Geneva. But Trump and other top Washington officials last week accused China of violating the deal, with commerce secretary Howard Lutnick saying Beijing was 'slow-rolling' the agreement in comments to Fox News Sunday. Beijing rejected those 'bogus' US claims yesterday, and accused Washington of introducing 'a number of discriminatory restrictive measures'. Trump has separately ramped up tensions with other trade partners, including the European Union, by vowing to double global tariffs on steel and aluminium to 50% from tomorrow.