BBC Gossip
  • Home
  • Health
  • News
  • Crime
  • Local News
  • People
  • Guest Post
BBC Gossip
BBC Gossip
  • Home
  • News
  • Health
  • People
  • Celebrities
  • Crime
  • Entertainment
  • Finance
  • Guest Post
Home Trump’s administration aims to show reassurance and control following market disruption caused by tariff actions
  • Local News

Trump’s administration aims to show reassurance and control following market disruption caused by tariff actions

    Trump team tries to project confidence and calm after his tariff moves rattled markets
    Up next
    'Radicalized' man threatens Trump, Gabbard, White House: FBI
    FBI says man who became radical threatened Trump, Gabbard, and the White House
    Published on 13 April 2025
    Author
    BBC Gossip

    ATLANTA – There was a strong presence of Trump administration officials on various television networks Sunday advocating for President Donald Trump’s economic strategies following a turbulent week in the markets that led the Republican administration to adjust some of its most severe tariffs.

    White House advisers and Cabinet members aimed to convey assurance and composure amidst Trump’s inconsistent stance on tariffs on imported goods from across the globe. The explanations about the broader agenda also highlighted the changing narratives from a president who, during the 2024 campaign, pledged for an immediate economic upturn and decreased prices, but is now urging American businesses and consumers to exercise patience.

    Just a week ago, Trump’s team reiterated his commitment to maintaining the impending tariffs without any exceptions. During their recent television appearances, they defended his decision to scale back to a 10% across-the-board tariff for most countries excluding China (at 145%), while making exemptions for specific electronics such as smartphones, laptops, hard drives, flat-panel monitors, and semiconductor chips.

    Here are the highlights of what Trump lieutenants said last week vs. Sunday:

    There are varying answers on the purpose of the tariffs

    Long before launching his first presidential campaign in 2015, Trump bemoaned the offshoring of U.S. manufacturing. His promise is to reindustrialize the United States and eliminate trade deficits with other countries.

    LAST WEEK

    Commerce Secretary Howard Lutnick, interviewed on CBS’ “Face the Nation,” played up national security. “You’ve got to realize this is a national security issue,” he said, raising the worst-case scenarios of what could happen if the U.S. were involved in a war.

    “We don’t make medicine in this country anymore. We don’t make ships. We don’t have enough steel and aluminum to fight a battle, right?” he said.

    SUNDAY

    Lutnick stuck to that national security framing, but White House trade adviser Peter Navarro focused more on the import taxes being leverage in the bigger economic puzzle.

    “The world cheats us. They’ve been cheating us for decades,” Navarro said on NBC’s “Meet the Press.” He cited practices such as dumping products at unfairly low prices, currency manipulation and barriers to U.S. auto and agricultural products entering foreign markets.

    Navarro insisted the tariffs would yield broader bilateral trade deals to address all those issues. But he also relied on a separate justification when discussing China: the illicit drug trade.

    “China has killed over a million people with their fentanyl,” he said.

    Meanwhile, Lutnick said the exemptions for certain electronics could be subject to new tariffs targeted by sector. “They’re going to have a special focus-type of tariff to make sure that those products get reshored,” he told ABC’s “This Week.”

    The status of negotiations with other nations, including China, remains fuzzy

    LAST WEEK

    With the higher rates set to be collected beginning April 9, administration officials argued that other countries would rush to the negotiating table.

    “I’ve heard that there are negotiations ongoing and that there are a number of offers,” Kevin Hassett, director of the White House Economic Council, told ABC. He claimed that “more than 50 countries (were) reaching out,” though he did not name any.

    SUNDAY

    Navarro named the United Kingdom, the European Union, India, Japan, South Korea, Indonesia and Israel as among the nations in active negotiations with U.S. Trade Representative Jamieson Greer, Lutnick and other officials.

    Greer said on CBS that his goal was “to get meaningful deals before 90 days” –- the duration of Trump’s pause -– “and I think we’re going to be there with several countries in the next few weeks.”

    Talks with China have not begun, he said. “We expect to have a conversation with them,” he said, emphasizing it would be between Trump and Chinese President Xi Jinping.

    Navarro was not as specific about Beijing. “We have opened up our invitation to them,” he said. Lutnick characterized the outreach as “soft entrees … through intermediaries.”

    Pressed on whether there is any meaningful back and forth, Navarro said, “The president has a very good relationship with President Xi.”

    Then he proceeded to criticize several China’s polices and trade practices.

    The pitches are different, but confidence is constant

    LAST WEEK

    Navarro was bullish even after U.S. and global trading markets suffered trillions of dollars in losses.

    “The first rule, particularly for the smaller investors out there, you can’t lose money unless you sell. And, right now, the smart strategy is not to panic,” he said on Fox News Channel’s “Sunday Morning Futures.”

    SUNDAY

    Navarro’s optimism did not waver despite another net-loss week for securities markets and rocky bond markets. “So, this is unfolding exactly like we thought it would in a dominant scenario,” he said.

    Others confronted some of the more complex realities of trying to achieve Trump’s goal of restoring a bygone era of U.S. manufacturing.

    Lutnick suggested the focus is on returning high-tech jobs, while sidestepping questions about lower-skilled manufacturing of goods such as shoes that could mean higher prices because of higher wages for U.S. workers. But some of that high-tech production is what Trump has, for now, exempted from the tariffs that he and his advisers frame as leverage for forcing companies to open U.S. facilities.

    Hassett did acknowledge widespread angst.

    “The survey data has been showing that people are anxious about the changes a little bit,” he said, before steering his answer to employment rates. “The hard data,” he said, “has been really, really strong.”

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    You May Also Like
    Macy’s Fourth of July show to feature Jonas Brothers, Eric Church, Lenny Kravitz and Trisha Yearwood
    • Local News

    Macy’s 4th of July Celebration to Include Performances by Jonas Brothers, Eric Church, Lenny Kravitz, and Trisha Yearwood

    NEW YORK – Macy’s is gearing up to mark America’s independence with…
    • BBC Gossip
    • June 12, 2025
    What to know about Iran's nuclear sites
    • Local News

    Understanding Iran’s Nuclear Facilities

    DUBAI – Israel attacked multiple Iranian nuclear and military sites on Friday…
    • BBC Gossip
    • June 13, 2025
    See emperor penguins at SeaWorld Orlando! Here’s when
    • Local News

    Catch a glimpse of emperor penguins at SeaWorld Orlando! Find out the schedule here.

    ORANGE COUNTY, Fla. – Guests at SeaWorld Orlando will soon be able…
    • BBC Gossip
    • June 12, 2025
    As legal fight over Guard deployment plays out, Noem vows to continue Trump's immigration crackdown
    • Local News

    Noem promises to uphold Trump’s immigration crackdown as legal battle over Guard deployment unfolds

    LOS ANGELES – Homeland Security Secretary Kristi Noem affirmed the continuation of…
    • BBC Gossip
    • June 13, 2025
    Leon Bibb Then and Now: Cleveland's chess legacy — and the teen champion carrying it forward
    • Local News

    The Evolution of Chess in Cleveland: An Overview of the Past and Present, Spotlight on the Teen Champion Leading the Way

    Xyaire Hill, a Cleveland chess champion, acknowledges the game for sharpening his…
    • BBC Gossip
    • June 13, 2025
    Changes to Ohio Peace Officer Basic Training to take effect in July
    • Local News

    Revisions to Ohio Basic Peace Officer Training coming in July

    Effective July 1, training academies will introduce the updated curriculum, which is…
    • BBC Gossip
    • June 12, 2025
    Weld County driver who pleaded guilty to deadly 2023 hit-and-run sentenced to 5 years in prison
    • Local News

    A Weld County Driver Sentenced to 5 Years in Prison for Deadly Hit-and-Run in 2023

    GREELEY, Colo. — A Weld County driver who pleaded guilty to fatally…
    • BBC Gossip
    • June 13, 2025
    Cleveland police announce parking restrictions, safety reminders for Saturday's 'No Kings' protest
    • Local News

    Cleveland Police Issues Parking Restrictions and Safety Reminders for Saturday’s ‘No Kings’ Protest

    Cleveland is one of hundreds of cities planning to hold a ‘No…
    • BBC Gossip
    • June 13, 2025
    Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team
    • Local News

    Meta Invests in AI Company, Scale, and Hires CEO for ‘Superintelligence’ Team

    Meta has announced a significant investment in the artificial intelligence company Scale,…
    • BBC Gossip
    • June 13, 2025
    Man accused of days-long assault of ex-girlfriend arrested following Commerce City pursuit
    • Local News

    Commerce City police arrest man accused of assaulting ex-girlfriend for multiple days after pursuit

    Commerce City, Colo. law enforcement officials detained a 43-year-old individual after a…
    • BBC Gossip
    • June 12, 2025
    Here's when Ohioans can fish for free without a license
    • Local News

    Discover the times when people in Ohio can fish without needing a license

    All residents will get the chance to fish at any public waterway…
    • BBC Gossip
    • June 12, 2025
    Louisiana AG investigating CVS for sending mass text messages lobbying against legislation
    • Local News

    Louisiana Attorney General is looking into CVS for sending many text messages urging people to oppose legislation.

    In BATON ROUGE, Louisiana, the state’s Attorney General, Liz Murrill, announced an…
    • BBC Gossip
    • June 12, 2025

    Recent Posts

    • Tragic Incident: Teen Fatally Attacked by Pack of Starving Dogs while Trying to Feed Them
    • Apology issued by magazine for ‘inappropriate’ airplane cartoon following Air India tragedy
    • “A critical evaluation of Australia’s warship project: exceeding costs with insufficient weaponry”
    • A Weld County Driver Sentenced to 5 Years in Prison for Deadly Hit-and-Run in 2023
    • Orlando Bloom Felt Upset About Katy Perry’s Space Trip Because He Did Not Agree with It During Relationship Issues.
    Girl, 15, mauled to death trying to feed ‘up to 40’ starving dogs after locals warned about beasts running wild
    • News

    Tragic Incident: Teen Fatally Attacked by Pack of Starving Dogs while Trying to Feed Them

    A teenager tragically lost her life while attempting to feed around 40…
    • BBC Gossip
    • June 13, 2025
    Magazine apologizes for publishing 'distasteful' airplane cartoon after Air India disaster
    • US

    Apology issued by magazine for ‘inappropriate’ airplane cartoon following Air India tragedy

    The New Yorker has apologized after posting a cartoon poking fun at…
    • BBC Gossip
    • June 13, 2025
    Australia's next frigates will be based on this British design.
    • AU

    “A critical evaluation of Australia’s warship project: exceeding costs with insufficient weaponry”

    Chronically over-budget, significantly delayed and lacking firepower –…
    • BBC Gossip
    • June 13, 2025
    Weld County driver who pleaded guilty to deadly 2023 hit-and-run sentenced to 5 years in prison
    • Local News

    A Weld County Driver Sentenced to 5 Years in Prison for Deadly Hit-and-Run in 2023

    GREELEY, Colo. — A Weld County driver who pleaded guilty to fatally…
    • BBC Gossip
    • June 13, 2025
    BBC Gossip
    • Home
    • Privacy Policy
    • News
    • Local News
    • Health
    • Crime
    • Guest Post