U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption. But the Republican president told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans to impose tariffs on Feb.

Since President Donald Trump won the election in November, businesses across the globe have been bracing for higher tariffs — a key Day One campaign promise the president made.