President Trump’s best employees ran to defend his vast world rates on Sunday, minimizing the prospect that his new import taxes could cause a significant increase in prices or give a donation from the American economy in a painful recession.
While Mr. Trump left Mar-A-Lago for another day of golf in his club in Jupiter, Florida, his main economic advisers rejected the troubles they have triggered in the financial markets around the world, insisting that the president’s trade war would ultimately improve the country’s economic fortune.
But they also sent another series of mixed signals to the extent to which Mr. Trump considers prices as a negotiation tool, even if many of his collaborators praised Sunday that they had heard foreign nations seeking to conclude an agreement.
“The prices are coming. Of course, they are,” said trade secretary Howard Lutnick on “Face The Nation” of CBS.
The basic price of 10% of Trump on almost all trade partners entered into force on Saturday morning. Another tariff cycle that aims to punish countries that run trade deficits with the United States will be set up on Wednesday morning.
Kevin Hassett, head of the National Economic Council of the White House, said that he did not expect to “see a great effect on the consumer in the United States”, even if he recognized in an “this week” ABC appearance that prices “could increase” following prices.
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