{"id":17799,"date":"2025-04-06T16:01:13","date_gmt":"2025-04-06T16:01:13","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-aides-defend-his-tariffs-amid-global-blowback\/"},"modified":"2025-04-06T16:01:13","modified_gmt":"2025-04-06T16:01:13","slug":"trump-aides-defend-his-tariffs-amid-global-blowback","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-aides-defend-his-tariffs-amid-global-blowback\/","title":{"rendered":"Trump Aides Defend His Tariffs Amid Global Blowback"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">President Trump\u2019s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/us\/politics\/trump-tariffs-us-economy-prices.html\" title=\"\">significant spike in prices<\/a> or tip the U.S. economy into a painful recession.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his leading economic advisers dismissed the turmoil they have unleashed in financial markets around the world, insisting that the president\u2019s trade war would ultimately improve the nation\u2019s economic fortunes.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But they also sent another round of mixed signals over the extent to which Mr. Trump sees tariffs as a negotiating tool, even as many of his aides touted anew on Sunday that they had heard from foreign nations seeking to strike a deal.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe tariffs are coming. Of course they are,\u201d said Secretary of Commerce Howard Lutnick on CBS\u2019s \u201cFace the Nation.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump\u2019s 10 percent base-line tariff on nearly every trading partners went into effect on Saturday morning. Another round of tariffs that aim to punish countries that run trade deficits with the United States will snap into place on Wednesday morning.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Kevin Hassett, the head of the White House National Economic Council, said that he did not expect to \u201csee a big effect on the consumer in the U.S.,\u201d even as he acknowledged in an appearance on ABC\u2019s \u201cThis Week\u201d that prices \u201cmight go up some\u201d as a result of the tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Treasury Secretary Scott Bessent dismissed the steep declines in global markets last week as short-term, while emphasizing the need for an economic \u201cadjustment process\u201d in the United States. He added on NBC\u2019s \u201cMeet the Press\u201d that there \u201cdoesn\u2019t have to be a recession,\u201d as the administration works toward \u201cbuilding the long-term economic fundamentals for prosperity.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe\u2019re going to hold the course,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The reassurances come as Mr. Trump <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/economy\/trump-sounds-defiant-note-as-tariffs-roil-markets-again.html\" title=\"\">continues to strike a defiant tone<\/a> over his tariffs in recent days. On Saturday, as the 10 percent levy went into effect, the president <a class=\"css-yywogo\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114285375813275308\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">told his followers<\/a> on Truth Social: \u201cHANG TOUGH, it won\u2019t be easy, but the end result will be historic.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump has maintained that his tariffs can reset trade relationships that he sees as unfair and detrimental to American jobs and industries by reviving domestic manufacturing. He also wants the levies to raise new revenue to help pay for the costs of his economic agenda, including a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/us\/politics\/republicans-tax-cuts.html\" title=\"\">package to cut corporate and individual taxes<\/a>.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">But his trade policies have provoked substantial, widespread blowback, leading even U.S. allies to condemn Washington.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Last week, China announced a slate of aggressive retaliatory measures that raised the odds of a persistent and economically damaging trade war. Other nations have sought to negotiate lower rates: Vietnam, facing a 46 percent tariff rate that would be among the highest faced by any U.S. trading partner, is seeking a 45-day delay and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/world\/asia\/vietnam-trump-tariff-delay.html\" title=\"\">proposed dropping its own tariffs to zero<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Fanning out on the Sunday news show circuit, the president\u2019s top aides responded to the fallout by boasting they had already heard from dozens of countries that wanted to discuss trade.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cListen, we\u2019ve got 50 countries that are burning the phone lines into the White House,\u201d said Brooke Rollins, the secretary of agriculture, on CNN\u2019s \u201cState of the Union.\u201d She said Mr. Trump\u2019s tariffs have left some countries \u201cdesperate and willing\u201d to cut a deal.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But the White House has sent conflicting messages about its true appetite for <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/world\/asia\/vietnam-trump-tariff-delay.html\" title=\"\">negotiation<\/a>. Mr. Trump suggested last week that he could cut a deal in exchange for a \u201cphenomenal\u201d return, but then <a class=\"css-yywogo\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114282305980898453\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">posted on Saturday<\/a> that the tariffs were \u201chere to stay.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Bessent, asked whether Mr. Trump would be willing to cut a deal, suggested there was room to negotiate but that nothing would happen quickly. \u201cThey\u2019ve been bad actors for a long time. And it\u2019s not the kind of thing you can negotiate away in days or weeks\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The confusion is unlikely to salve investors\u2019 fears as markets prepare to open Monday, fresh off a weeklong rout during which major indexes fell precipitously. It was the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/trump-stocks-tariffs-trade.html\" title=\"\">worst weekly decline<\/a> for the S&amp;P 500 since the early days of the coronavirus pandemic.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">At one point, Mr. Trump even appeared to suggest the market chaos was part of his strategy: He <a class=\"css-yywogo\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114279679572830449\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">circulated<\/a> a video from another user on Truth Social that argued the president is \u201cpurposely CRASHING\u201d the markets in part to force the Federal Reserve to lower interest rates.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Pressed on the matter, Mr. Hassett on Sunday initially responded by saying the Fed is independent, before adding: \u201cHe\u2019s not trying to tank the market.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The wild gyrations in recent days have spooked even some Republicans on Capitol Hill. Representative Don Bacon, Republican of Nebraska, predicted that deeper losses could convince members of his party to support a bill that would help Congress reclaim some of its authority over tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt\u2019s time that Congress restores its authorities here,\u201d he said on CBS\u2019s \u201cFace the Nation.\u201d<\/p>\n<p class=\"css-798hid etfikam0\">Alan Rappeport<!-- -->, <!-- -->Minho Kim<!-- --> and <!-- -->Michael Gold<!-- --> contributed to this story.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/us\/politics\/trump-tariffs-aides-recession.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump\u2019s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes<\/p>\n","protected":false},"author":1,"featured_media":17800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[1561,4814,2487,239,114,5627,2348,338,5628,2347,219,4813,708,5626,113,1332,111],"class_list":["post-17799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-bessent","tag-brooke-1972","tag-commerce-department","tag-customs-tariff","tag-donald-j","tag-hassett","tag-howard-w","tag-international-trade-and-world-market","tag-kevin-a","tag-lutnick","tag-regulation-and-deregulation-of-industry","tag-rollins","tag-scott","tag-standard-poors-500-stock-index","tag-trump","tag-united-states-economy","tag-united-states-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Aides Defend His Tariffs Amid Global Blowback - World 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