President Donald Trump told the chief executives of large corporations on Tuesday that the new tariffs could be higher than 25 percent. "Tariffs are having a huge positive impact," Trump said at the Business Roundtable, shrugging off the stock market reaction. He said tariffs could be higher than 25 percent, and the higher the tariffs, the more likely they are to build factories in the United States. He also defended Musk, who is leading the White House's efforts to scale back the federal government. "We had some small problems, not big problems, but we saved a lot of money," Trump said.