President Donald Trump said his tariffs could create "transition issues" but that the US was "in very good shape". "At the end of the day, it's going to be a good thing," Mr. Trump told a cabinet meeting on Thursday. He also noted that US stocks rose on Wednesday, 90 days after he announced a moratorium on "reciprocal tariffs". "Yesterday was a big day," he said. Mr. Trump also said that administration officials had been working with countries that had reached out to discuss deals.