Trump team tries to project confidence and calm after his tariff moves rattled markets

Trump team tries to project confidence and calm after his tariff moves rattled markets
US Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington. (AP)
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Updated 14 April 2025
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Trump team tries to project confidence and calm after his tariff moves rattled markets

Trump team tries to project confidence and calm after his tariff moves rattled markets
  • White House advisers and Cabinet members tried to project confidence and calm amid Trump’s on-again, off-again approach to tariffs on imported goods

ATLANTA: Trump administration officials were out in force across the television networks Sunday defending President Donald Trump’s economic policies after another week of reeling markets that saw the Republican administration reverse course on some of its steepest tariffs.

Trump, meanwhile, said on his social media platform that there ultimately will be no exemptions for his sweeping tariff agenda, disputing characterizations that he has granted tariff exceptions for certain electronics, including smart phones, whose production is concentrated in China. Rather, Trump said, “those products are subject to the existing 20 percent Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’”

White House advisers and Cabinet members tried to project confidence and calm amid Trump’s on-again, off-again approach to tariffs on imported goods from around the world. But their explanations about the overall agenda, coupled with Trump’s latest statements, also reflected shifting narratives from a president who, as a candidate in 2024, promised an immediate economic boost and lower prices but now asks American businesses and consumers for patience.

A week ago, Trump’s team stood by his promise to leave the impending tariffs in place without exceptions. They used their latest news show appearances to defend his move to ratchet back to a 10 percent universal tariff for most nations except China (145 percent), while seeming to grant exemptions for certain electronics like 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 US 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 US 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 US 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.

Speaking before Trump’s Truth Social post disputing the notion of exemptions, Lutnick alluded to that coming policy. “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 US 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.

Trump took an aggressive tone himself Sunday in his social media post, saying “we will not be held hostage by other Countries, especially hostile trading Nations like China, which will do everything within its power to disrespect the American People.”

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 US 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 US 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 US 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 US 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.”


Modi announces India’s ‘Iron Dome’ during Independence Day speech

Modi announces India’s ‘Iron Dome’ during Independence Day speech
Updated 10 sec ago
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Modi announces India’s ‘Iron Dome’ during Independence Day speech

Modi announces India’s ‘Iron Dome’ during Independence Day speech
  • Indian PM vows to punish Pakistan in the case of future attacks
  • New Delhi appears set to continue unilateral suspension of Indus Water Treaty

NEW DELHI: Prime Minister Narendra Modi announced on Friday the launch of a new “security shield” weapon system that will be expanded across India in the next decade, as the country marked 78 years of independence from British colonial rule.

Modi’s remarks came three months after India and Pakistan engaged in their worst fighting in decades. The clashes included air, drone and missile strikes, as well as artillery and small arms fire along their shared border and inside mainland areas of both countries.

India said it launched operations inside Pakistan on May 6 in response to an attack in Indian-administered Kashmir that killed 26 civilians in April. India described the incident as an act of terrorism orchestrated by Islamabad, a claim Pakistan has denied.

Addressing the country from New Delhi’s 17th-century, Mughal-era Red Fort on Friday, Modi said that India will be launching a new defense system called “Sudarshan Chakra.”

The prime minister said: “I pledge to take this work forward with great commitment for the security of the nation and the safety of citizens in the changing ways of warfare.”

He added: “This mission, ‘Sudarshan Chakra,’ a powerful weapon system, will not only neutralize the enemy’s attack but will also hit back at the enemy many times more.”

The new air defense initiative, inspired in part by systems like Israel’s Iron Dome, will create a multi-layered security shield across the country using homegrown technology. The government aims to have it fully in place by 2035.

“By 2035, all the important places of the nation, which include strategic as well as civilian areas, like hospitals, railways, any center of faith, will be given complete security cover through new platforms of technology,” Modi said.

“This security shield should keep expanding, every citizen of the country should feel safe. Whatever technology comes to attack us, our technology should prove to be better than that.”

Pakistan, which celebrates its Independence Day one day before India, announced in Prime Minister Shehbaz Sharif’s own speech on Thursday the creation of a new military branch, the Army Rocket Force Command, which will manage the country’s missile operations in conventional warfare. The move is part of a broader effort to boost combat readiness as tensions with India remain high.

Following the April attack, India said it has established a “new normal” that does not differentiate between “terrorists” and those who support terrorism.

“We will no longer tolerate these nuclear threats. The nuclear blackmail that has gone on for so long will no longer be endured,” Modi said.

“If our enemies continue this attempt in the future, our army will decide on its own terms, at the time of its choosing, in the manner it deems fit, and target the objectives it selects and we will act accordingly. We will give a fitting and crushing response.”

During his Friday speech, Modi hailed the Indian Army for reducing “terrorist headquarters” to dust under “Operation Sindoor.” Launched days after the attack in Kashmir, India said the operation had hit nine “terrorist infrastructure” sites in Pakistan.

“They reduced terrorist headquarters to dust and turned terrorist headquarters into ruins. Pakistan is still sleepless,” Modi said. “The devastation in Pakistan has been so huge that every day brings new revelations and fresh information.”

India has fought three wars with Pakistan since the 1947 partition of the Indian subcontinent, including two over control of the Kashmir region in the Himalayas, which they both rule in part but claim in full.

Modi also hinted that India will continue its unilateral suspension of the Indus Water Treaty with Pakistan, calling the agreement “unjust and one-sided.”

After the April attack, New Delhi had suspended the treaty that allows the sharing of the Indus River that runs about 2,897 km through South Asia and is a lifeline for both countries.

“India has now decided — blood and water will not flow together,” he said. “This agreement is unacceptable to us in the interest of our farmers, and in the interest of the nation.”

Islamabad previously said that any effort by India to stop or divert the water from flowing into Pakistan would be considered an “act of war.”


Trump takes off for Putin meeting in Alaska

Trump takes off for Putin meeting in Alaska
Updated 22 min 46 sec ago
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Trump takes off for Putin meeting in Alaska

Trump takes off for Putin meeting in Alaska
  • Sit-down offers Trump chance to prove to the world that he is both master dealmaker and global peacemaker
  • Any success is far from assured, especially as Russia and Ukraine remain far apart in demands for peace

ABOARD AIR FORCE ONE: US President Donald Trump departed Washington aboard Air Force One on Friday to head to a meeting with Russian President Vladimir Putin in Alaska for discussions about a possible ceasefire deal for Ukraine.

Trump was accompanied by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and CIA Director John Ratcliffe, as well as other top aides, the White House said.

“HIGH STAKES!!!” Trump wrote on his social media platform before leaving the White House for the trip.

The sit-down offers Trump a chance to prove to the world that he is both a master dealmaker and a global peacemaker. He and his allies have cast him as a heavyweight negotiator who can find a way to bring the slaughter to a close, something he used to boast he could do quickly.

For Putin, a summit with Trump offers a long-sought opportunity to try to negotiate a deal that would cement Russia’s gains, block Kyiv’s bid to join the NATO military alliance and eventually pull Ukraine back into Moscow’s orbit.

There are significant risks for Trump. By bringing Putin onto US soil, the president is giving Russia’s leader the validation he desires after his ostracization following his invasion of Ukraine 3 1/2 years ago. The exclusion of Ukrainian President Volodymyr Zelensky from the summit also deals a heavy blow to the West’s policy of “nothing about Ukraine without Ukraine” and invites the possibility that Trump could agree to a deal that Ukraine does not want.

Any success is far from assured, especially as Russia and Ukraine remain far apart in their demands for peace. Putin has long resisted any temporary ceasefire, linking it to a halt in Western arms supplies and a freeze on Ukraine’s mobilization efforts, which were conditions rejected by Kyiv and its Western allies.

Trump on Thursday said there was a 25 percent chance that the summit would fail, but he also floated the idea that if the meeting succeeds, he could bring Zelensky to Alaska for a subsequent, three-way meeting, a possibility that Russia hasn’t agreed to.

When asked in Anchorage about Trump’s estimate of a 25 percent chance of failure, Russian Foreign Minister Sergei Lavrov told reporters that Russia “never plans ahead.”

“We know that we have arguments, a clear, understandable position. We will state it,” he said in footage posted to the Russian Foreign Ministry’s Telegram channel.

Trump said in a Fox News radio interview Thursday that he didn’t know if they would get “an immediate ceasefire” but he wanted a broad peace deal done quickly. That seemingly echoes Putin’s longtime argument that Russia favors a comprehensive deal to end the fighting, reflecting its demands, not a temporary halt to hostilities.

The Kremlin said Trump and Putin will first sit down for a one-on-one discussion, followed by the two delegations meeting and talks continuing over “a working breakfast.” They are then expected to hold a joint press conference.

Trump has offered shifting explanations for his meeting goals

In the days leading up to the summit, set for a military base near Anchorage, Trump described it as “really a feel-out meeting.” But he’s also warned of “very severe consequences” for Russia if Putin doesn’t agree to end the war and said that though Putin might bully other leaders, “He’s not going to mess around with me.”

Trump’s repeated suggestions that a deal would likely involve “some swapping of territories” — which disappointed Ukraine and European allies — along with his controversial history with Putin have some skeptical about what kind of agreement can be reached.

Ian Kelly, a retired career foreign service officer who served as the US ambassador to Georgia during the Obama and first Trump administrations, said he sees “no upside for the US, only an upside for Putin.”

“The best that can happen is nothing, and the worst that can happen is that Putin entices Trump into putting more pressure on Zelensky,” Kelly said.

George Beebe, the former director of the CIA’s Russia analysis team who is now affiliated with the Quincy Institute for Responsible Statecraft, said there’s a serious risk of blown expectations or misunderstandings for a high-level summit pulled together so quickly.

“That said, I doubt President Trump would be going into a meeting like this unless there had been enough work done behind the scenes for him to feel that there is a decent chance that something concrete will come out of it,” Beebe said.

Zelensky has time and again cast doubts on Putin’s willingness to negotiate in good faith. His European allies, who’ve held increasingly urgent meetings with US leaders over the past week, have stressed the need for Ukraine to be involved in any peace talks.

Political commentators in Moscow, meanwhile, have relished that the summit leaves Ukraine and its European allies on the sidelines.

Dmitry Suslov, a pro-Kremlin voice, expressed hope that the summit will “deepen a trans-Atlantic rift and weaken Europe’s position as the toughest enemy of Russia.”

The summit could have far-reaching implications

On his way to Anchorage Thursday, Putin arrived in Magadan in Russia’s Far East, according to Russian state news agency Interfax.

Kremlin spokesman Dmitry Peskov said the visit would include meetings with the regional governor and stops at several key sites, including a stop to lay flowers at a WWII-era memorial honoring Soviet-American aviation cooperation.

Foreign governments will be watching closely to see how Trump reacts to Putin, likely gauging what the interaction might mean for their own dealings with the US president, who has eschewed traditional diplomacy for his own transactional approach to relationships.

The meeting comes as the war has caused heavy losses on both sides and drained resources.

Ukraine has held on far longer than some initially expected since the February 2022 invasion, but it is straining to hold off Russia’s much larger army, grappling with bombardments of its cities and fighting for every inch on the over 600-mile (1,000-kilometer) front line.

Andrea Kendall-Taylor, a senior fellow and director of the Transatlantic Security Program at the Center for a New American Security, said US antagonists like China, Iran and North Korea will be paying attention to Trump’s posture to see “whether or not the threats that he continues to make against Putin are indeed credible.”

“Or, if has been the past track record, he continues to back down and look for ways to wiggle out of the kind of threats and pressure he has promised to apply,” said Kendall-Taylor, who is also a former senior intelligence officer.

While some have objected to the location of the summit, Trump has said he thought it was “very respectful” of Putin to come to the US instead of a meeting in Russia.

Sergei Markov, a pro-Kremlin Moscow-based analyst, observed that the choice of Alaska as the summit’s venue “underlined the distancing from Europe and Ukraine.”

Being on a military base allows the leaders to avoid protests and meet more securely, but the location carries its own significance because of its history and location.

Alaska, which the US purchased from Russia in 1867, is separated from Russia at its closest point by less than five kilometers and the international date line.

Joint Base Elmendorf-Richardson was crucial to countering the Soviet Union during the Cold War. It continues to play a role today, as planes from the base still intercept Russian aircraft that regularly fly into US airspace.


UK government must suspend Palestine Action prosecutions until ban review: Rights groups

UK government must suspend Palestine Action prosecutions until ban review: Rights groups
Updated 15 August 2025
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UK government must suspend Palestine Action prosecutions until ban review: Rights groups

UK government must suspend Palestine Action prosecutions until ban review: Rights groups
  • Letter urges attorney general to ‘not prejudge the outcome of a judicial review’
  • Prosecuting before ban is potentially overturned would ‘raise significant legal and moral questions’

LONDON: Protesters arrested under the UK’s Terrorism Act for supporting the banned group Palestine Action should not be prosecuted while there is a legal challenge against the ban, rights groups have told the government.

Organizations including Greenpeace and Human Rights Watch sent a letter to Lord Hermer, the attorney general for England and Wales, urging the delay in prosecutions, The Guardian reported on Friday.

More than 500 people, half of whom are aged 60 or older, were arrested at a London demonstration last weekend under Section 13 of the Terrorism Act, which prohibits public displays of support for proscribed groups.

Proceeding with prosecutions amid a judicial review into the ban on Palestine Action would raise significant legal and moral questions, said the letter, which was also signed by Friends of the Earth, Global Witness and the Quakers. The review is expected to be heard in November.

Lord Hermer must act “in the public interest” and take decisive action over the question of prosecution, the letter said.

Rather than the Crown Prosecution Service having decision-making powers over the prosecutions, the attorney general can decide the appropriate course of action on cases falling under the Terrorism Act, it added.

Most of those arrested at the London rally were bailed, but at least 10 protesters have been charged.

In their letter, the rights group said no one else should be charged, and those who have should not be prosecuted before the findings of the judicial reviews, which could overturn the ban on Palestine Action.

Co-executive director of Greenpeace UK, Areeba Hamid, said: “Hundreds of people are facing potential prison sentences for sitting quietly holding placards. It isn’t difficult to see why this could be a disproportionate restriction on people’s freedom of expression, and why so many legal experts have expressed their concern at the government’s decision to extend their definition of terrorism in this way.

“We urge the attorney general to approach the matter with care and some caution, and not prejudge the outcome of a judicial review which could fundamentally change the legal position of these protesters.”

The British judge who granted permission for the judicial review feared that those charged with criminal offenses under the Terrorism Act might individually challenge the Palestine Action ban’s legality when tried.

This could lead to a variation in findings and inconsistencies among different criminal courts, creating “a recipe for chaos,” the judge said.

The letter to Lord Hermer added: “Prosecuting individuals for offences connected to that proscription before the court has determined its legality raises significant legal and moral questions.

“In particular, one of the grounds which the judge held had merit was that the proscription of Palestine Action was a disproportionate interference with human rights.

“We therefore respectfully request that you exercise your constitutional role in the public interest by delaying any decisions to prosecute individuals arrested under terrorism legislation in connection with Palestine Action until the conclusion of the judicial review process.”


Mali arrests generals, French national accused in alleged destabilization plot

Mali arrests generals, French national accused in alleged destabilization plot
Updated 15 August 2025
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Mali arrests generals, French national accused in alleged destabilization plot

Mali arrests generals, French national accused in alleged destabilization plot
  • Mali’s ministry of territorial administration, in a statement released late on Thursday, said those arrested included Yann Vezilier, a French citizen

BAMAKO: Mali’s military-led government has arrested two generals and a French national, accusing them of participating in an alleged plot to destabilize the West African nation, according to a government statement and state-owned media.

Mali has endured over a decade of turmoil marked by Islamist insurgencies in its arid north along with political instability that culminated in a series of coups in 2020 and 2021 that brought current president General Assimi Goita to power.

Sources told Reuters earlier this week that more than 30 soldiers and military officials had been taken into custody on suspicion of attempting to destabilize Goita’s government.

Mali’s ministry of territorial administration, in a statement released late on Thursday, said those arrested included Yann Vezilier, a French citizen.

France’s once close relationship with its former colonies in West Africa’s Sahel region has soured in recent years as military officers have overthrown civilian governments in Mali, Burkina Faso and Niger.

Paris has withdrawn French troops involved in an operation to combat Islamist militants there under pressure from the countries’ new leadership. Mali, which cut military ties with France, has meanwhile turned to Russia for support.

The ministry statement accused Vezilier of acting on behalf of French intelligence services to mobilize political and civil society figures and military officers.

A French foreign ministry spokesperson said Friday that it had no official comment on Vezilier’s arrest.

Malian state media showed images of 10 other people detained for involvement in the alleged plot, including General Abass Dembele, who is the former governor of the central Mopti region, and General Nema Sagara, another leading military figure.

The ministry did not specify how many people had been arrested in total but described them as “a group of marginal elements” and said the situation was under control.

Mali’s military authorities have failed to keep their promise to hold elections. Instead, Goita was granted a five-year renewable term in June and political activities were suspended across the country.

While Mali’s military junta cited the civilian authorities’ failure to put down Islamist uprisings in the north among its justifications for seizing power, security woes have persisted under Goita.

The past few months have seen a surge of deadly attacks by Jama’at Nusrat Al-Islam wal-Muslimin, an Al-Qaeda-linked group that also operates in Burkina Faso and Niger.


China accuses Philippine vessels of ‘dangerous maneuvers’ after its own ships collided

China accuses Philippine vessels of ‘dangerous maneuvers’ after its own ships collided
Updated 15 August 2025
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China accuses Philippine vessels of ‘dangerous maneuvers’ after its own ships collided

China accuses Philippine vessels of ‘dangerous maneuvers’ after its own ships collided
  • The Philippine vessels’ actions ‘seriously endangered the safety of Chinese vessels and personnel’ – ministry spokesperson
  • Manila’s foreign minister Theresa Lazaro: ‘It was an unfortunate outcome, but not one caused by our actions’

BEIJING: China’s defense ministry accused Philippine Coast Guard vessels on Friday of “dangerous maneuvers” in response to reports of a collision earlier this week between two Chinese vessels near Scarborough Shoal in the disputed South China Sea.

The Philippine vessels’ actions “seriously endangered the safety of Chinese vessels and personnel,” ministry spokesperson Jiang Bin.

Jiang neither confirmed nor denied that there had been a collision involving two Chinese vessels on Monday.

“We demand that the Philippine side immediately stop its infringing and provocative rhetoric and actions,” Jiang said. “China reserves the right to take necessary countermeasures.”

The Scarborough Shoal has been a major source of tension in what is a strategic conduit for more than $3 trillion of annual ship-borne commerce.

Footage from the Philippine Coast Guard showed a Chinese coast guard ship trailing the PCG vessel before a Chinese navy ship suddenly cut across the path of the other Chinese ship, colliding with it and damaging the forecastle of the coast guard vessel.

It was the first known crash between Chinese vessels in the area.

The Philippines on Friday said it bore no responsibility for the collision.

“It was an unfortunate outcome, but not one caused by our actions,” Manila’s foreign minister Theresa Lazaro said in a statement.

The Philippine Coast Guard deployed three vessels on Monday to deliver supplies for Filipino fishermen in the Scarborough Shoal before the collision took place, Manila said on Tuesday.

The confrontation was the latest in a series of incidents amid a period of heightened tensions between Manila and Beijing over territorial disputes in the South China Sea.

A 2016 ruling of an international arbitral tribunal voided Beijing’s sweeping claims in the region, saying they had no basis under international law, a decision China rejects.