White House Deputy Chief of Staff James Blair discussed the impact of tariffs on the market on a podcast, stating that market volatility would slow down as the market absorbs and takes on prices of recent tariffs. He predicted that the market would settle once some tariffs are absorbed, implying slight settlement.
Host Rachel Bade asked Blair if he could assure the business community of predictable progress, to which Blair replied that President Trump, a businessman, understands how business planning works and wants to provide predictability to the market and businesses.
The tariffs imposed by Trump contribute to market fluctuation and economic uncertainty, with more tariffs expected on April 2. Trump’s aide predicted that businesses will be more comfortable with planning once the tariffs take effect.
He also noted that tax cuts expire at the end of the year unless renewed, adding uncertainty to the economic situation. Blair summarized that the market may lead to some degree of volatility before stabilizing.
Later, Treasury Secretary Scott Bescent expressed a similar view, stating that corrections are healthy and normal, describing such fluctuations as a normal part of the market cycle.
Deep Diving“Friday’s podcast.
