Connect with us

Politics

Trump Aides Defend His Tariffs Amid Global Blowback

Published

on

Trump Aides Defend His Tariffs Amid Global Blowback

President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession.

As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his leading economic advisers dismissed the turmoil they have unleashed in financial markets around the world, insisting that the president’s trade war would ultimately improve the nation’s economic fortunes.

But they also sent another round of mixed signals over the extent to which Mr. Trump sees tariffs as a negotiating tool, even as many of his aides touted anew on Sunday that they had heard from foreign nations seeking to strike a deal.

“The tariffs are coming. Of course they are,” said Secretary of Commerce Howard Lutnick on CBS’s “Face the Nation.”

Mr. Trump’s 10 percent base-line tariff on nearly every trading partner went into effect on Saturday morning. Another round of tariffs that aim to punish countries that run trade deficits with the United States will snap into place on Wednesday morning.

Advertisement

Kevin Hassett, the head of the White House National Economic Council, said that he did not expect to “see a big effect on the consumer in the U.S.,” even as he acknowledged in an appearance on ABC’s “This Week” that prices “might go up some” as a result of the tariffs.

Treasury Secretary Scott Bessent dismissed the steep declines in global markets last week as short-term, while emphasizing the need for an economic “adjustment process” in the United States. He added on NBC’s “Meet the Press” that there “doesn’t have to be a recession,” as the administration works toward “building the long-term economic fundamentals for prosperity.”

“We’re going to hold the course,” he said.

The reassurances come as Mr. Trump continues to strike a defiant tone over his tariffs in recent days. On Saturday, as the 10 percent levy went into effect, the president told his followers on Truth Social: “HANG TOUGH, it won’t be easy, but the end result will be historic.”

Mr. Trump has maintained that his tariffs can reset trade relationships that he sees as unfair and detrimental to American jobs and industries by reviving domestic manufacturing. He also wants the levies to raise new revenue to help pay for the costs of his economic agenda, including a package to cut corporate and individual taxes.

Advertisement

But his trade policies have provoked substantial, widespread blowback, leading even U.S. allies to condemn Washington.

Last week, China announced a slate of aggressive retaliatory measures that raised the odds of a persistent and economically damaging trade war. Other nations have sought to negotiate lower rates: Vietnam, facing a 46 percent tariff rate that would be among the highest faced by any U.S. trading partner, is seeking a 45-day delay and proposed dropping its own tariffs to zero.

Fanning out on the Sunday news show circuit, the president’s top aides responded to the fallout by boasting they had already heard from dozens of countries that wanted to discuss trade.

“Listen, we’ve got 50 countries that are burning the phone lines into the White House,” said Brooke Rollins, the secretary of agriculture, on CNN’s “State of the Union.” She said Mr. Trump’s tariffs have left some countries “desperate and willing” to cut a deal.

But the White House has sent conflicting messages about its true appetite for negotiation. Mr. Trump suggested last week that he could cut a deal in exchange for a “phenomenal” return, but then posted on Saturday that the tariffs were “here to stay.”

Advertisement

Mr. Bessent, asked whether Mr. Trump would be willing to cut a deal, suggested there was room to negotiate but that nothing would happen quickly. “They’ve been bad actors for a long time. And it’s not the kind of thing you can negotiate away in days or weeks” he said.

The confusion is unlikely to salve investors’ fears as markets prepare to open Monday, fresh off a weeklong rout during which major indexes fell precipitously. It was the worst weekly decline for the S&P 500 since the early days of the coronavirus pandemic.

At one point, Mr. Trump even appeared to suggest the market chaos was part of his strategy: He circulated a video from another user on Truth Social that argued the president is “purposely CRASHING” the markets in part to force the Federal Reserve to lower interest rates.

Pressed on the matter, Mr. Hassett on Sunday initially responded by saying the Fed is independent, before adding: “He’s not trying to tank the market.”

The wild gyrations in recent days have spooked even some Republicans on Capitol Hill. Representative Don Bacon, Republican of Nebraska, predicted that deeper losses could convince members of his party to support a bill that would help Congress reclaim some of its authority over tariffs.

Advertisement

“It’s time that Congress restores its authorities here,” he said on CBS’s “Face the Nation.”

Alan Rappeport, Minho Kim and Michael Gold contributed to this story.

Politics

Kamala Harris blasts Trump administration’s capture of Venezuela’s Maduro as ‘unlawful and unwise’

Published

on

Kamala Harris blasts Trump administration’s capture of Venezuela’s Maduro as ‘unlawful and unwise’

NEWYou can now listen to Fox News articles!

Former Vice President Kamala Harris on Saturday evening condemned the Trump administration’s capture of Venezuelan dictator Nicolás Maduro and his wife, calling the operation both “unlawful” and “unwise.”

In a lengthy post on X, Harris acknowledged that Maduro is a “brutal” and “illegitimate” dictator but said that President Donald Trump’s actions in Venezuela “do not make America safer, stronger, or more affordable.”

“Donald Trump’s actions in Venezuela do not make America safer, stronger, or more affordable,” Harris wrote. “That Maduro is a brutal, illegitimate dictator does not change the fact that this action was both unlawful and unwise. We’ve seen this movie before.

“Wars for regime change or oil that are sold as strength but turn into chaos, and American families pay the price.”

Advertisement

SEE PICS: VENEZUELANS WORLDWIDE CELEBRATE AS EXILES REACT TO MADURO’S CAPTURE

Vice President Kamala Harris had strong words for the Trump administration’s capture of Venezuelan leader Nicolás Maduro. (Montinique Monroe/Getty Images)

Harris made the remarks hours after the Trump administration confirmed that Maduro and his wife were captured and transported out of Venezuela as part of “Operation Absolute Resolve.”

The former vice president also accused the administration of being motivated by oil interests rather than efforts to combat drug trafficking or promote democracy.

“The American people do not want this, and they are tired of being lied to. This is not about drugs or democracy. It is about oil and Donald Trump’s desire to play the regional strongman,” Harris said. “If he cared about either, he wouldn’t pardon a convicted drug trafficker or sideline Venezuela’s legitimate opposition while pursuing deals with Maduro’s cronies.”

Advertisement

SECOND FRONT: HOW A SOCIALIST CELL IN THE US MOBILIZED PRO-MADURO FOOT SOLDIERS WITHIN 12 HOURS

President Donald Trump shared a photo of captured Venezuelan President Nicolás Maduro aboard the USS Iwo Jima after Saturday’s strikes on Venezuela. (Donald Trump via Truth Social)

Harris, who has been rumored as a potential Democratic contender in the 2028 presidential race, additionally accused the president of endangering U.S. troops and destabilizing the region.

“The President is putting troops at risk, spending billions, destabilizing a region, and offering no legal authority, no exit plan, and no benefit at home,” she said. “America needs leadership whose priorities are lowering costs for working families, enforcing the rule of law, strengthening alliances, and — most importantly — putting the American people first.”

MADURO’S FALL SPARKS SUSPICION OF BETRAYAL INSIDE VENEZUELA’S RULING ELITE

Advertisement

CIA Director John Ratcliffe, left, President Donald Trump and Secretary of State Marco Rubio watch U.S. military operations in Venezuela from Mar-a-Lago in Florida early Saturday. (Donald Trump via Truth Social)

Maduro and his wife arrived at the Metropolitan Detention Center in Brooklyn late Saturday after being transported by helicopter from the DEA in Manhattan after being processed.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Earlier in the day, Trump said that the U.S. government will “run” Venezuela “until such time as we can do a safe, proper and judicious transition.”

Harris’ office did not immediately respond to Fox News Digital’s request for comment.

Advertisement

Fox News Digital’s Jasmine Baehr contributed to this report.

Continue Reading

Politics

On the ground in Venezuela: Shock, fear and defiance

Published

on

On the ground in Venezuela: Shock, fear and defiance

It was about 2 a.m. Saturday Caracas time when the detonations began, lighting up the sullen sky like a post-New Year’s fireworks display.

“¡Ya comenzó!” was the recurrent phrase in homes, telephone conversations and social media chats as the latest iteration of U.S. “shock and awe” rocked the Venezuelan capital. “It has begun!”

Then the question: “¿Maduro?”

The great uncertainty was the whereabouts of President Nicolás Maduro, who has been under Trump administration threat for months.

The scenes of revelry from a joyous Venezuelan diaspora celebrating from Miami to Madrid were not repeated here. Fear of the unknown kept most at home.

Advertisement

Hours would pass before news reports from outside Venezuela confirmed that U.S. forces had captured Maduro and placed him on a U.S. ship to face criminal charges in federal court in New York.

Venezuelans had watched the unfolding spectacle from their homes, using social media to exchange images of explosions and the sounds of bombardment. This moment, it was clear, was ushering in a new era of uncertainly for Venezuela, a nation reeling from a decade of economic, political and social unrest.

Government supporters display posters of Venezuelan President Nicolás Maduro, right, and former President Hugo Chávez in downtown Caracas on Saturday.

(Matias Delacroix / Associated Press)

Advertisement

The ultimate result was an imponderable. But that this was a transformative moment — for good or bad — seemed indisputable.

By daybreak, an uneasy calm overtook the city of more than 3 million. The explosions and the drone of U.S. aircraft ceased. Blackouts cut electricity to parts of the capital.

Pro-government youths wielding automatic rifles set up roadblocks or sped through the streets on motorcycles, a warning to those who might celebrate Maduro’s downfall.

Shops, gas stations and other businesses were mostly closed. There was little traffic.

“When I heard the explosions, I grabbed my rosary and began to pray,” said Carolina Méndez, 50, who was among the few who ventured out Saturday, seeking medicines at a pharmacy, though no personnel had arrived to attend to clients waiting on line. “I’m very scared now. That’s why I came to buy what I need.”

Advertisement

A sense of alarm was ubiquitous.

People stand around cars and a motorbike at a crowded gas pump.

Motorcycles and cars line up for gas Saturday in Caracas. Most of the population stayed indoors, reluctant to leave their homes except for gas and food.

(Andrea Hernandez Briceno / For The Times)

“People are buying bottled water, milk and eggs,” said Luz Pérez, a guard at one of the few open shops, not far from La Carlota airport, one of the sites targeted by U.S. strikes. “I heard the explosions. It was very scary. But the owner decided to open anyway to help people.”

Customers were being allowed to enter three at a time. Most didn’t want to speak. Their priority was to stock up on basics and get home safely.

Advertisement

Rumors circulated rapidly that U.S. forces had whisked away Maduro and his wife, Cilia Flores.

There was no immediate official confirmation here of the detention of Maduro and Flores, both wanted in the United States for drug-trafficking charges — allegations that Maduro has denounced as U.S. propaganda. But then images of an apparently captive Maduro, blindfolded, in a sweatsuit soon circulated on social media.

There was no official estimate of Venezuelan casualties in the U.S. raid.

Rumors circulated indicating that a number of top Maduro aides had been killed, among them Diosdado Cabello, the security minister who is a staunch Maduro ally. Cabello is often the face of the government.

But Cabello soon appeared on official TV denouncing “the terrorist attack against our people,” adding: “Let no one facilitate the moves of the enemy invader.”

Advertisement

Although Trump, in his Saturday news conference, confidently predicted that the United States would “run” Venezuela, apparently during some undefined transitional period, it’s not clear how that will be accomplished.

A key question is whether the military — long a Maduro ally — will remain loyal now that he is in U.S. custody. There was no public indication Saturday of mass defections from the Venezuelan armed forces. Nor was it clear that Maduro’s government infrastructure had lost control of the country. Official media reported declarations of loyalty from pro-government politicians and citizens from throughout Venezuela.

A billboard with an image of President Nicolas Maduro and spray-painted graffiti.

A billboard with an image of President Nicolas Maduro stands next to La Carlota military base in Caracas, Venezuela, on Saturday. The graffiti reads, “Fraud, fraud.”

(Andrea Hernandez Briceno / For The Times)

In his comments, Trump spoke of a limited U.S. troop presence in Venezuela, focused mostly on protecting the oil infrastructure that his administration says was stolen from the United States — a characterization widely rejected here, even among Maduro’s critics. But Trump offered few details on sending in U.S. personnel to facilitate what could be a tumultuous transition.

Advertisement

Meantime, Venezuelan Vice President Delcy Rodríguez surfaced on official television and demanded the immediate release of Maduro and his wife, according to the official Telesur broadcast outlet. Her comments seemed to be the first official acknowledgment that Maduro had been taken.

“There is one president of this country, and his name is Nicolás Maduro,” the vice president said in an address from Miraflores Palace, from where Maduro and his wife had been seized hours earlier.

During an emergency meeting of the National Defense Council, Telesur reported, Rodríguez labeled the couple’s detention an “illegal kidnapping.”

The Trump administration, the vice president charged, meant to “capture our energy, mineral and [other] natural resources.”

Her defiant words came after Trump, in his news conference, said that Rodríguez had been sworn in as the country’s interim president and had evinced a willingness to cooperate with Washington.

Advertisement

“She’s essentially willing to do what we think is necessary to make Venezuela great again,” Trump said.

Pro-government armed civilians patrol in La Guaira, Venezuela

Pro-government armed civilians patrol in La Guaira, Venezuela, on Saturday after President Trump announced that President Nicolás Maduro had been captured and flown out of the country.

(Matias Delacroix / Associated Press)

Somewhat surprisingly, Trump also seemed to rule out a role in an interim government for Marina Corina Machado, the Venezuelan Nobel Peace Prize laureate and longtime anti-Maduro activist.

“She’s a very nice woman, but doesn’t have respect within the country,” Trump said of Machado.

Advertisement

Machado is indeed a controversial figure within the fractured Venezuelan opposition. Some object to her open calls for U.S. intervention, preferring a democratic change in government.

Nonetheless, her stand-in candidate, Edmundo González, did win the presidency in national balloting last year, according to opposition activists and others, who say Maduro stole the election.

“Venezuelans, the moment of liberty has arrived!” Machado wrote in a letter released on X. “We have fought for years. … What was meant to happen is happening.”

Not everyone agreed.

“They want our oil and they say it’s theirs,” said Roberto, 65, a taxi driver who declined to give his last name for security reasons. “Venezuelans don’t agree. Yes, I think people will go out and defend their homeland.”

Advertisement

Special correspondent Mogollón reported from Caracas and staff writer McDonnell from Boston. Contributing was special correspondent Cecilia Sánchez Vidal in Mexico City.

Continue Reading

Politics

Marjorie Taylor Greene criticizes Trump’s meetings with Zelenskyy, Netanyahu: ‘Can we just do America?’

Published

on

Marjorie Taylor Greene criticizes Trump’s meetings with Zelenskyy, Netanyahu: ‘Can we just do America?’

NEWYou can now listen to Fox News articles!

Rep. Marjorie Taylor Greene, R-Ga., on Sunday called for President Trump to only focus on America’s needs as the president meets with Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu.

The president has been heavily involved in the Russia-Ukraine and Israel-Hamas conflicts since returning to the White House.

Trump met with Zelenskyy on Sunday at Mar-a-Lago to discuss a peace plan aimed at ending the Russia-Ukraine war that began with an invasion by Moscow in February 2022.

Netanyahu arrived in Florida on Sunday ahead of their scheduled meeting on Monday at Trump’s estate to address Israel’s conflicts in the Middle East. It will be the sixth meeting of the year between the two leaders.

Advertisement

TRUMP ZELENSKYY SAY UKRAINE PEACE DEAL CLOSE BUT ‘THORNY ISSUES’ REMAIN AFTER FLORIDA TALKS

Rep. Marjorie Taylor Greene criticized President Donald Trump’s meetings with Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu. (Anna Moneymaker/Getty Images)

Greene, responding to Trump’s meeting with Zelenskyy and Netanyahu, said that the Trump administration should address the needs of Americans rather than becoming further involved in global conflicts.

“Zelensky today. Netanyahu tomorrow,” she wrote on X.

President Donald Trump welcomes Ukrainian President Volodymyr Zelenskyy at his Mar-a-Lago residence in Palm Beach, Florida. (Jim WATSON / AFP via Getty Images)

Advertisement

“Can we just do America?” the congresswoman continued.

The congresswoman has been a vocal critic of supplying U.S. military aid to foreign countries amid the conflicts in Europe and the Middle East.

She has also referred to Zelenskyy as “a dictator who canceled elections” and labeled Israel’s military campaign in Gaza as a genocide and humanitarian crisis.

ZELENSKYY READY TO PRESENT NEW PEACE PROPOSALS TO US AND RUSSIA AFTER WORKING WITH EUROPEAN TALKS

Rep. Marjorie Taylor Greene and President Donald Trump had a public feud in recent months. (Getty Images)

Advertisement

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

This comes after Taylor Greene, who is set to resign from the House in January, had a public spat with Trump over the past few months as Trump took issue with the Georgia Republican’s push to release documents related to the investigations into deceased sex predator Jeffrey Epstein.

Trump had withdrawn his endorsement of Greene and called her a “traitor” over the public feud.

Continue Reading
Advertisement

Trending