White House press secretary Caroline Leavitt stated that President Trump’s tariffs would not inflict “pain” on American workers or domestic businesses despite worries following “the Day of Liberation.”
Leavitt appeared on News Nation’s “morning” segment Thursday, a day after Trump declared a blanket tariff of 10% on all imports into the US along with specific tariffs aimed at several countries.
The administration has been promoting tariffs as a method to revive manufacturing jobs in the US, yet global markets reacted swiftly on Thursday due to trade war apprehensions.
“There’s no suffering for American-owned companies or American employees because their jobs return home. Also, regarding prices, President Trump is implementing tax reductions to put more money back in Americans’ wallets,” Leavitt remarked.
Leavitt asserted that 90,000 factories have been shuttered across the nation, and that in the last three decades, 5 million manufacturing positions have vanished overseas.
Trump and his team aimed to alleviate worries by asserting that the tariff initiative was proceeding on schedule, but Thursday recorded its most significant decline since 2020.
“I want to highlight what yesterday represented as a significant day for our nation. President Trump has fulfilled the promise to the 80 million Americans who voted for him, something many prior presidents have not accomplished for years.
Nevertheless, some Republicans voiced apprehension regarding the strategy.
Sen. Mitch McConnell (R-KY) mentioned that his members were already feeling the effects of Canadian reciprocal tariffs, as Kentucky bourbon was removed from Canadian shelves.
The business sector, legislators, and economists quickly criticized the tariffs. Detractors argue that prices for American consumers and manufacturers will rise as the country seeks to retaliate and navigate a new trade landscape.
Leavitt contended that Trump’s tariffs represent the “golden rule of the golden age” regarding prices, and what the American populace can anticipate economically.
“They can expect price consistency. They can expect Americans to continue purchasing,” she stated. “It’s patriotic, and most importantly, they can anticipate their wages increasing.”
