Trump's Tariff Response, Economics of Tariffs, SCOTUS Rules on Deportations
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Global markets are off to a calmer start today amid days of tariff-induced turmoil. Markets in Europe and Asia made gains, and U.S. stock futures are looking up.
On social media yesterday, President Trump called for people to, quote, be strong, courageous, and patient in the Oval Office. He said this.
It's the only chance our country will have to reset the table because no other president would be willing to do what I'm doing or to even go through it. Now, I don't mind going through it because I see a beautiful picture at the end.
But he also appears open to negotiations.
Here with the latest on where the president's tariff policy is. NPR senior White House correspondent Tamara Keith. Hey, Tam. Good morning. Good morning. So there has been a question all along of whether the president's steep tariffs are just an elaborate negotiating tactic or an enduring policy shift. What have you learned?
For now, at least, the answer appears to be yes and. President Trump took questions from the press in the Oval Office yesterday with Israeli Prime Minister Benjamin Netanyahu sitting in the chair next to him. And Netanyahu announced he would quickly eliminate all tariffs on American goods. and reduce the U.S. trade deficit to zero. But when asked whether he would reduce the 17% tariff the U.S. is set to apply to Israeli goods, Trump said maybe not. He said his tough tariffs are getting trading partners to offer big concessions.
Virtually every country wants to negotiate. If I didn't do what I did over the last couple of weeks, you wouldn't have anybody wants to negotiate. We would have gone to these countries who want to talk and they were, well, we don't want to talk. Now they're coming to us.
He says a team from Japan is coming to the U.S. to negotiate. Vietnam is sending one, too. So Trump is certainly signaling that he is open to negotiating, but he is also digging in. How is he digging in? Well, the president was asked if he might put a pause on his tariffs while negotiations play out, and he said no.
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