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)
Short Url
Updated 14 April 2025
Follow

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.”


Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre

Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre
Updated 03 May 2025
Follow

Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre

Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre

ISLAMABAD: Pakistan test-fired Saturday a ballistic missile as tensions with India spiked over last week’s deadly attack on tourists in the disputed Kashmir region.
The surface-to-surface missile has a range of 450 kilometers (about 280 miles), the Pakistani military said.
The launch of the Abdali Weapon System was aimed at ensuring the “operational readiness of troops and validating key technical parameters,” including the missile’s advanced navigation system and enhanced manoeuvrability features, according to a statement from the military.
Pakistan’s President Asif Ali Zardari and Prime Minister Shehbaz Sharif congratulated the scientists, engineers and those behind the successful missile test.


Russia declares state of emergency at port after Ukrainian drone attack on Novorossiysk

Russia declares state of emergency at port after Ukrainian drone attack on Novorossiysk
Updated 03 May 2025
Follow

Russia declares state of emergency at port after Ukrainian drone attack on Novorossiysk

Russia declares state of emergency at port after Ukrainian drone attack on Novorossiysk
  • There was no immediate comment from Ukraine

MOSCOW: The mayor of the Russian port city of Novorossiysk declared a state of emergency on Saturday after he said a Ukrainian drone attack had damaged residential buildings and injured at least five people, including two children.
Andrei Kravchenko, the mayor, announced his decision on his official Telegram account which showed him inspecting the damage to apartment buildings and giving orders to officials.
Kravchenko said one of the injured people, a woman, was in hospital in a serious situation.
There was no immediate comment from Ukraine, whose air force said Russia had attacked Ukraine overnight with 183 drones and two ballistic missiles.


US worker safety agency notifies employees of firings

US worker safety agency notifies employees of firings
Updated 03 May 2025
Follow

US worker safety agency notifies employees of firings

US worker safety agency notifies employees of firings

WASHINGTON: The Trump administration sent termination notices late on Friday to employees of a worker health and safety agency that provides research and services for coal miners, firefighters and others, despite appeals by a lawmaker from Trump’s Republican Party to preserve its programs.
Employees of the National Institute for Occupational Safety and Health received reduction-in-force notices that said the job losses were necessary to reshape the workforce of the Department of Health and Human Services, according to a copy of the notices reviewed by Reuters.
Nearly all NIOSH employees were placed on administrative leave in February but around 40 who worked on coal-mining and firefighter safety were asked to return temporarily to work several days ago, the union for the agency’s employees said. At least two of those employees have now been notified of termination.
US Senator Shelley Moore Capito, a Republican from West Virginia, had lobbied Health Secretary Robert F. Kennedy Jr. to restore the programs, including the coal-focused work of its Morgantown, West Virginia, office.
The Department of Health and Human Services, which oversees NIOSH, did not immediately respond to a request for comment after regular business hours. A spokesperson earlier this week said NIOSH’s functions would join the new Administration for a Healthy America, alongside multiple agencies. It was not clear whether any of the terminated employees would be transferred elsewhere.
Reuters reported last month that the halting of NIOSH’s key services ended vital health and safety programs for coal miners, such as mobile health and lung screenings, and a program to relocate miners afflicted with black lung disease to less dusty parts of a mine.
There has been a resurgence of black lung disease in the last decade, including among young coal miners. At the same time, President Donald Trump has led a high-profile campaign to revive coal mining and use, which had been declining in the US. 


Lives on hold in India’s border villages with Pakistan

Lives on hold in India’s border villages with Pakistan
Updated 03 May 2025
Follow

Lives on hold in India’s border villages with Pakistan

Lives on hold in India’s border villages with Pakistan
  • Relations between the neighbors have plummeted after India accused Pakistan of backing an attack in disputed Kashmir region
  • Islamabad has rejected the charge of aiding gunmen who killed 26 people, with both countries since exchanging diplomatic barbs

SAINTH: On India’s heavily fortified border with arch-rival Pakistan, residents of farming villages have sent families back from the frontier, recalling the terror of the last major conflict between the rival armies.
Those who remain in the farming settlement of Sainth, home to some 1,500 people along the banks of the broad Chenab river, stare across the natural division between the nuclear-armed rivals fearing the future.
“Our people can’t plan too far ahead,” said Sukhdev Kumar, 60, the village’s elected headman.
“Most villagers here don’t invest beyond a very basic house,” he added.
“For who knows when a misdirected shell may fall from the other side and ruin everything?”
Relations between the nuclear-armed neighbors have plummeted after India accused Pakistan of backing the worst attack on civilians in Indian-administered Kashmir in years.
Indian police have issued wanted posters for three men accused of carrying out the April 22 attack at Pahalgam — two Pakistanis and an Indian — who they say are members of the Pakistan-based Lashkar-e-Taiba group, a UN-designated terrorist organization.
Islamabad has rejected the charge of aiding gunmen who killed 26 people, with both countries since exchanging diplomatic barbs including expelling each other’s citizens.
India’s army said Saturday its troops had exchanged gunfire with Pakistani soldiers overnight along the de facto border with contested Kashmir — which it says has taken place every night since April 24.
Muslim-majority Kashmir has been divided between India and Pakistan since their independence from British rule in 1947, with both governing part of the disputed territory separately and claiming it in its entirety.
Sainth, with its open and lush green fields, is in the Hindu-majority part of Indian-run Jammu and Kashmir.
Security is omnipresent.
Large military camps dot the main road, with watchtowers among thick bushes.
Kumar said most families had saved up for a home “elsewhere as a backup,” saying that only around a third of those with fields remained in the village.
“Most others have moved,” he said.
The region was hit hard during the last major conflict with Pakistan, when the two sides clashed in 1999 in the high-altitude Himalayan mountains further north at Kargil.
Vikram Singh, 40, who runs a local school, was a teenager at the time.
He remembers the “intense mortar shelling” that flew over their heads in the village — with some exploding close by.
“It was tense then, and it is tense now,” Singh told AFP.
“There is a lot to worry since the attack at Pahalgam... The children are scared, the elderly are scared — everyone is living in fear.”
International pressure has been piled on both New Delhi and Islamabad to settle their differences through talks.
The United States has called for leaders to “de-escalate tensions,” neighboring China urged “restraint,” with the European Union warning Friday that the situation was “alarming.
On the ground, Singh seemed resigned that there would be some fighting.
“At times, we feel that war must break out now because, for us, it is already an everyday reality,” he said.
“We anyways live under the constant threat of shelling, so, maybe if it happens, we’d get to live peacefully for a decade or two afterwards.”
There has been a flurry of activity in Trewa, another small frontier village in Jammu.
“So far, the situation is calm — the last cross-border firing episode was in 2023,” said Balbir Kaur, 36, the former village head.
But the villagers are preparing, clearing out concrete shelters ready for use, just in case.
“There were several casualties due to mortar shelling from Pakistan in the past,” she said.
“We’ve spent the last few days checking our bunkers, conducting drills, and going over our emergency protocols, in case the situation worsens,” she added.
Kaur said she backed New Delhi’s stand, with Prime Minister Narendra Modi vowing “to punish every terrorist and their backer” and to “pursue them to the ends of the Earth.”
Dwarka Das, 65, a farmer and the head of a seven-member family, has lived through multiple India-Pakistan conflicts.
“We’re used to such a situation,” Das said.
“During the earlier conflicts, we fled to school shelters and nearby cities. It won’t be any different for us now.”


Woman dies when a bomb she is carrying explodes in the Greek city of Thessaloniki, police say

Woman dies when a bomb she is carrying explodes in the Greek city of Thessaloniki, police say
Updated 03 May 2025
Follow

Woman dies when a bomb she is carrying explodes in the Greek city of Thessaloniki, police say

Woman dies when a bomb she is carrying explodes in the Greek city of Thessaloniki, police say

ATHENS: A woman was killed early Saturday in the northern Greek city of Thessaoloniki when a bomb she was carrying exploded in her hands, police said.
The 38-year-old woman was apparently was carrying the bomb to place it outside a nearby bank around 5 a.m., police said.
Several storefronts and vehicles were damaged by the explosion.
The woman was known to authorities after taking part in several past robberies, according to police, who said they are investigating her possible ties to extreme leftist groups.