The Panelists of Kudlow Steve Forbes and John Carney discuss how the Trump administration should react to economic uncertainty.
President Donald Trump’s prices have shaken the markets in recent weeks, stimulating concerns about the increase in consumer prices and their impact on the labor market, because the White House officials have sought to defend their policies and suggest that the economy will soon have more certainty.
Trump’s best economic help, said director of the National Economic Council Kevin Hassett CNBC “Squawk Box” The fact that Trump’s prices have made China, Canada and Mexico do more on illegal immigration and smuggling of fentanyl, adding that Trump’s reciprocal prices take effect on April 2, politics should make more sense.
“Absolutely by April 2, there will be a certain uncertainty,” said Hassett on Monday. “But over April, the markets will see that reciprocal trade policy has a lot of meaning.”
The director of the National Economic Council, Kevin Hassett, said that there is more certainty after the president’s reciprocal prices will take effect on April 2. (Mark Wilson / Getty Images)
Kristen Welker, Treasury Secretary, Scott Bessent, asked NBC News News News in an appearance on “Meet the press“If he could guarantee that there” will not be a recession on President Trump’s watch? “”
Trump says that “stupid trade” has us, not “free trade”
“Well, Kristen, you know that there is no guarantee, as who predicts Covid? So, I can predict that we put robust policies that will be durable. And there could be an adjustment because, I tell you, this massive government that we said on Sunday.
“And on the other hand, we will invigorate the private sector. I had a meeting with small bankers last week, and they are ready to start lending. And I can tell you that rue Main will do well,” added the secretary of the Treasury.
Trump threatens other rates on Canadian steel, aluminum, electricity, vehicles
The Treasury Secretary Scott Bessent and the trade secretary Howard Lutnick defended the economic policies of President Trump. (Chris Kleponis / CNP / Bloomberg via / Getty Images)
Welker followed and asked Bessent if his reference to the economy having an “adjustment” could potentially lead to a recession.
“There is no reason to do it,” replied Besse. “But, I can tell you that if we keep on this track, what I could guarantee is that we would have had a financial crisis. I studied it, I taught it, and if we had continued at these levels of spending which – everything was not durable. We put it here – we reset, and we put things on a lasting path.”
Commerce secretary Howard Lunick said CBS News Last week, “Trump policies are the most important thing that America has ever had”.
Commerce secretary Howard Lungick praised Trump’s policies in a recent interview. (Kayla Bartkowski / Getty Images / Getty Images)
He added that the advantages of policies are worth “the trouble” even if they led to a recession, saying that “the only reason why there could be a recession is that Biden nonsense with which we had to live. These policies produce income. They produce growth. They produce factories built here.”
Last week, press secretary of the White House Karoline Leavitt said in response to a question from the journalist by Associated Press journalist, Josh Boak, on Trump’s prices during a press briefing that the president “does not implement tax increases” and added: “Prices are a tax increase in foreign countries which, once again, have torn us away.
Leavitt discussed dust on Fox News’ “Sunday morning future“During the weekend, where she told the host Maria Bartiromo that the president’s rates were intended to generate income which allows a higher tax reduction.
White House press secretary Karoline Leavitt argued that prices are a tax reduction for Americans. (Kevin Lamarque / Reuters)
“He [Boak] Clearly fails to see the long -term economic strategy of President Trump, which consists in generating so much income, so much wealth in our country through prices, that we can give larger tax reductions to the American people to put more money in their pockets, “said Leavitt.
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There is a large agreement between economists who Prices are a tax On imported goods which are normally paid by the import company, which in turn transmits part or most of the cost of the rate to consumers in the form of higher prices.
