The president of the Council of Economic Advisers of the White House said on Monday that there were “contradictory stories” on tariff negotiations from the Trump administration.
Answering a question about the question of whether an agreement is likely to take place before the president’s radical rates took effect on Wednesday, Stephen Miran said during a reflection event on the Hudson Institute, “I cannot tell you what will be or what will not happen.”
“There are contradictory accounts because everyone has an opinion,” he said in response to a question about how the White House officials seem to differ if the prices announced last week have an opportunity for negotiation.
He came after Peter Navarro, Sales Advisor to President Donald Trump, wrote in an editorial of Financial Times on Monday that new samples are “not negotiation”. At the same time, US Secretary of Commerce Scott Bessent announced the same day that he would direct trade negotiations with Japan.
“My opinion is that there is a variety of improvements that could take place, but in the end, you know, the president is the decision -maker,” said Miran, calling Trump as “talented negotiator” and describing his previous work concluding a commercial agreement with China.
“The disagreement is how you can somehow, you know, improve your arguments and avoid the think group, and I think it’s very healthy,” he said.
Trump’s upcoming prices have disrupted the world markets and sparked recession fears. Brendan Smialowski / AFP via Getty Images
Miran added that the phone rings “hook” in the White House from the pricing announcements last week. He advised foreign governments to continue calling to negotiate conditions.
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“President Trump clearly indicated that he would no longer defend other nations in the free liberation of blood, sweat and tears, whether in national security or trade,” he said.
Miran has shared a list of ideas that other countries could adopt to make the trade system “more equitable”.
He expressed that other countries could “accept prices on their exports to the United States without reprisals”, open up its markets and buy more in America, increase the defense expenses of the United States and buy more American manufacturing, invest in the construction of factories in the United States, or make financial contributions to the US Treasury.
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