This weekend was again dominated by the news on President Donald Trump’s comings and goings.
The revelation Friday evening that key electronics, including smartphones and semiconductors, would be exempt Trump’s “reciprocal” prices have stimulated optimism for the American technological sector.
But secretary of commerce Howard Libenick Adding another wrinkle today by indicating that the exemptions will be temporary, indicating to “ABC this week”, new targeted prices will apply to electronics in the coming months.
Administration officials have been mixed on how to describe the exemptions today, but have stressed that the administration will study the implications of national security imports of semiconductors before potentially imposing specific electronic rates.
Here is what we heard of the other Trump officials:
• Kevin Hassett: At least 130 countries negotiate potential trade agreements with the United States after 90 -day break on “reciprocal” pricesThe director of the National Economic Council told CNN on “the state of the Union”. He said that the talks with Beijing, on the other hand, are in the first stadiums, “if necessary.”
• Peter Navarro: The Senior Commercial Advisor of the White House did not say if there had been new discussions in the deepen the trade war with ChinaAlthough he added in an appearance on NBC’s “Meet the Press” that there is an open invitation and Trump has a “good relationship” with the Chinese leader Xi Jinping.
Meanwhile, criticism and concern: Democratic senator Elizabeth Warren Trump’s slammed “Green Red Light” approach at the prices. “No one can understand what the rules are in five days, in less than five years,” said Warren on “State of the Union”.
The progressive legislator is also one of the Democrats calling for an investigation into If Trump has intentionally handled the financial markets Around his price break. The legislators have not yet provided evidence to support their suspicions.
Former secretary of the Treasury Larry Summers said CNN’s “making Zakaria GPS” that pricing policy is “the worst injury self-inflicted by economic policy” since the Second World War.
And billionaire investor Ray Dalio Said “Meet The Press”, the United States is “very close to a recession”. Dalio has called Trump’s trade policies “very disruptive” so far, although he has recognized that he “could be part of a process”.