Trump officials support the president’s economic policy in the middle of tariff uncertainty
Kudlow panelists Steve Forbes and John Carney talk about Trump’s administration should respond to economic insecurity.
President Tarife Donald Trump In recent weeks, they have been flooded by markets, encouraging concerns about growing consumer prices and their impact on the labor market, because the White House officials have sought to defend their policies and suggest that the economy will soon have more security.
Trump’s main economic assistant, said the director of the National Economic Council Kevin Hassett CNBC -ova “Squawk Box” If Trump’s Tariffs made China, Canada and Mexico do more about the illegal immigration and smuggling of the fentanis, adding that after Trump’s reciprocal tariffs entered into force on April 2. Politics should make more sense.
“Absolutely between now and April 2, there will be uncertainty,” Hassett said on Monday. “But as April comes, the markets will see that reciprocal trade policy makes a lot of sense.”
National Economic Council Director Kevin Hassett said he would be more security after the president’s reciprocal tariffs entered into force on April 2. (Mark Wilson / Getty Images)
Scotta Bessent Treasury Secretar -asked NBC News ‘Kristen Welker in appearance on’Meet the press“If you could guarantee that” there will be no recession on the guard of President Trump? “
Trump says we have a ‘stupid store, not’ free trade ‘
“Well, Kristen, you know that there is no guarantee, like who would anticipate the covid? So, I can predict that we put robust policies that will be durable. And it could be adjusting to you, because, I tell you, this massive government consumption to have it, if we continue – we have to refuse our country from that, on Sunday.
“And on the other hand, we will declare a private sector. Last week I had a meeting with small bankers, and they were ready to start borrowing. And I can tell you that Main Street will do well,” the finance minister added.
Trump threatens further tariffs to Canadian steel, aluminum, electricity, vehicles
Scott Bessent Treasury Secretary and Store Secretary of the Howard Lutnick Trade has defended the economic policy of President Trump. (Chris Kleponis/CNP/Bloomberg Via/Getty Images)
Welker followed and asked the bezen -and if his referral to economy could have a “adjustment” potentially lead to a recession.
“There is no reason to have that,” the Besent replied. “But, I can tell you that if we were on this path, what I could guarantee is to have a financial crisis. I studied it, I taught it, and that we held on those levels of consumption that – it was unsustainable. So, we put it – we reset and put things on a sustainable path.”
The Howard Lutnick Secretary said CBS News Last week that Trump’s “politics is the most important thing America has ever had.”
The Store’s Secretary of the Howard Lutnick store praised Trump’s politics in a recent interview. (Kayla Bartkowski / Getty Images / Getty Images)
He added that the benefits of politics would be “worth it”, even if they lead to a recession, saying that “the only reason he could exist is the recession because the bidden stupidity we had to live with. These policies produce revenues. They produce growth. They build factories that were built here.”
Last week, printing secretary of the White House Caroline Leavitt He said in response to the issue of journalist Associated Pressa Josha Bok about Trump’s tariffs during the briefing for journalists that the president “did not actually carry out taxes”, adding: “Tariffs are an increase in foreign countries that have re -torn us. The tariffs are a reduction in taxes for the US people, and the President is a MP in the direction.”
Leavitt talked about dust on Fox News “”Sunday morning future“During the weekend, where she told the host Maria Bartiromo that the presidential tariffs were intended to bring in revenue that enabled the greater tax reduction.
The print secretary of the Karoline Leavitt White House claimed that the tariffs were a reduction in taxes for Americans. (Kevin Lamarque / Reuters)
“He [Boak] It clearly fails to see the long -term economic strategy of President Trump, which is to bring so much revenue, so much wealth to our country through tariffs that we can give a greater reduction in taxes to the American people to bring more money back to our pockets, “Leavitt said.
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Among the economists there is a wide arrangement that Tariffs are tax About the imported goods usually paid by the import company, which in turn exceeds some or most of the costs of tariffs to consumers in the form of higher prices.
