President Trump’s best aides competed to defend the wide global definitions on Sunday, which reduced the possibility that his new strikes would cause imports a A significant increase in prices Or it raises the American economy to a painful recession.
While Mr. Trump Mar Mar Lago left another day of golf in his club on Jupiter, Florida, his major economic advisers rejected the turmoil they called in financial markets all over the world, while insisting that the president’s trade war will ultimately improve the economic wealth of the nation.
But they also sent another round of mixed signals about the extent to which Mr. Trump sees the definitions as a negotiating tool, so that many of his aides have been described again on Sunday who heard from foreign countries that seek to conclude a deal.
“The definitions are coming. Of course they are.”
Mr. Trump’s tariff entered 10 percent in the foundation line on almost every commercial partners on Saturday morning. Another round of customs duties aimed at punishing countries that run a commercial deficit with the United States will take place on Wednesday morning.
Kevin Haysit, head of the National Economic Council of the White House, said he does not expect to “see a major impact on the consumer in the United States”, even when he admitted in his appearance on “this week” from “ABC” that prices “may rise some” as a result of tariffs.
Treasury Secretary, Scott Payet, rejected the sharp declines in global markets last week in the short term, while emphasizing the need for the economic “adaptation process” in the United States. “There should be no recession,” he added on “Meet The Press” from NBC, as the administration works to “build long -term economic basics for prosperity.”
He said: “We will keep the cycle.”
Nails come like Trump It still strikes a challenging tone On its definition in recent days. On Saturday, with a valid of 10 percent, the President, the President His followers said On the social truth: “Hanging strongly, it will not be easy, but the end result will be historical.”
Mr. Trump stressed that the customs tariff can reset trade relations that he sees as unfair and harmful to American jobs and industries by reviving local manufacturing. He also wants to collect new revenues to help pay the costs of his economic agenda, including a A package to reduce individual and individual taxes.
However, his commercial policies sparked a great reaction, prompting even American allies to condemn Washington.
Last week, China announced a list of aggressive reprisals that sparked the possibilities of the ongoing and economically destroyed trade war. Other countries have sought to negotiate lower rates: Vietnam, which faces a 46 percent tariff rate that will be among the highest faced by any American trading partner, seeks a delay for 45 days and 45 days He suggested that their customs duties be dropped to scratch.
Senior Assistant Presidents, who responded to the best assistant to the president, made their repercussions through the pride that they already heard from dozens of countries that wanted to discuss trade.
“Hear, we have 50 countries that burn the lines of the White House,” said Brock Rollins, Minister of Agriculture in the “Federation’s Case”. She said that the tariff of Mr. Trump left some countries “desperate and ready” to cut the deal.
But the White House sent conflicting messages about its true appetite Negotiation. Mr. Trump suggested last week that he could cut a deal in exchange for a “huge” return, but then Posted on Saturday The definitions were “here to stay.”
Mr. Pesin asked if Mr. Trump was ready to cut a deal, he suggested that there is room for negotiation but nothing will happen quickly. He said: “They have been bad actors for a long time. This is not somewhat to negotiate it in days or weeks.”
This confusion is unlikely to win investor concerns with the markets ready to open the two, after major indexes have decreased for a week. He was The worst weekly decrease For the S&P 500 since the first days of the Coronavirus Virus.
At a point, it seems that Mr. Trump indicates that the market chaos was part of his strategy: he Circulation A video clip from another user on Truth Social argued that the president “intentionally disrupted” is partially to force the federal reserve for low interest rates.
This matter was reported, Mr. Haysit responded on Sunday at the beginning by saying that the federal reserve was independent, before adding: “He does not try to tank.”
Wild wealth has been terrified in recent days, even some Republicans in Capitol Hill. The actor Don Bacon, the Republican in Nebraska, expected that deep losses can persuade his party members to support a draft law that would help Congress to restore some of his authority to definitions.
“It is time for Congress to restore its powers here,” said in “Confronting the Nation” to CBS.
Alan Rapeportand Minho Kim and Michael Gold Contribute to this story.
