U.S. President Donald Trump has warned that tariffs imposed on U.S.
trading partners could become “much steeper” and claimed that his
administration has so far been “very nice.”

Trump made the remarks on Thursday during a Cabinet meeting at the
White House.

Earlier in the day, Trump posted on Truth Social that he had been very
kind and gentle toward countries around the world, but that he could
raise tariffs at any time.

While criticizing the U.S. Federal Reserve’s recent decision to freeze
its key interest rate, Trump wrote that most of the countries paying
tariffs to the U.S. are “cash machines” that enjoy low interest rates
only because the U.S. allows it.

Trump then warned that, with a mere flip of his pen, billions more
dollars would flow into the U.S., and that these nations would have to
make money "the old-fashioned way."