GOP senator on Trump tariffs: 'What’s the endgame here?'
Sen. Ron Johnson (R-Wis.) said on Sunday he was questioning Trump’s “endgame” in Trump’s tariffs, saying that ongoing “volatility” is not good for businesses. “One of the things I’ve learned in the private sector is that unpredictability can work very well in negotiations, but the private sector – businesses want certainty. They want stability. They […]
Trump defends tariff exemptions for electronics: Nobody getting 'off the hook'
President Trump defended his move on Friday to exempt some electronic devices from the escalating tariff war with China. He denied that the announcement amounted to an “exception,” claiming that the product was moved to another tariff “bucket,” suggesting that his administration could still impose different tariffs on the semiconductor industry and the broader electronics […]
Biden's economic adviser: Trump should 'declare victory' in trade war
Jared Bernstein, the Biden administration’s chief White House economist, advised President Trump to “declare victory” in the trade war and advised the economy to recover from a period of uncertainty. “My advice to the president is to get out there and declare victory, because that’s what he’s doing,” Bernstein said on “CNN News Central.” Bernstein […]
O'Leary knocks mixed messages on Trump tariffs: 'That’s got to get cleaned up'
“Shark Tank” investor Kevin O’Leary urged the Trump administration to clarify its tariff policy by saying the mixed message from the White House is “confusing.” “It’s a bit confusing in terms of not getting a consistent message from the administration, and I’ll admit that’s the problem,” O’Leary told Fox Business Network’s Stuart Varney in an […]
Fewer Americans confident in Trump's handling of economy: Poll
Americans in the new poll said they are not confident in their handling of President Trump's economy amid his administration's expansion of escalation in his trade war through radical changes to import and export regulations. CBS News Vote Fifty-two percent of Americans surveyed said they disapproved of Trump's handling of the economy, while 49 percent […]
Vance: I thought market reaction to Trump tariffs 'could be worse'
Vice President Vance said the market response to President Trump's tariff plans has deteriorated and he thought the White House team was feeling better about the development. “We feel good, look, I honestly think, because in a way, this is a big transition. “You saw the President said earlier today, it seems like a very […]
Schiff: 'If we head into a recession, it will be the Trump recession'
Sen. Adam Schiff (D-Calif) said Trump is “destroying the economy,” adding that when the US heads into a recession, it will become known as the “Trump Recession.” When he appeared on NBC News' “Meet the Press,” Schiff was asked by host Kristen Welker about Trump's assurance that his global tariffs would create a “economic revolution.” […]
Trump adviser fires back at Bill Ackman: 'Nuclear winter' talk 'completely irresponsible'
White House National Economic Council (NEC) director Kevin Hassett said in an interview Monday that billionaire hedge fund investor Bill Ackman “should alleviate rhetoric” after warning that President Trump's tariffs could “lead into a self-inducing economic nuclear winter.” In an interview on Fox News Channel on Monday about Fox & Friends, Hassett called Ackman's remarks, […]
Trump trade policy 'nonsensical': Scaramucci
Anthony Scarumucci, a former White House communications director who served 10 days during Trump's first term, denounced Trump's approach to trade policy as “meaningless” in an interview Tuesday. Scaramucci told CNN's “Situation Room” that even if the president begins negotiations with US trading partners, “he leaves them with painful feelings,” causing long-term damage to America's […]
Steve Moore: 'I'm going to side … with Musk' in Navarro spat
Steve Moore, former senior economic adviser to President Trump, supported tech billionaire Elon Musk's position in public vomiting with White House trade adviser Peter Navarro. “I'm with Elon Musk now,” Moore said Tuesday on CNN. “So Elon Musk means that tariffs are taxes. They can hurt the economy. We have to have the most productive […]