Impact of President Trump's Tariffs on U.S. Manufacturing and Trade Negotiations
Sen. Chris Coons discusses DOGE cuts, Social Security fraud, and President Trump's tariffs. White House Economic Council Director Kevin Hassett defends tariffs, saying they have led to new trade negotiations and a booming U.S. manufacturing sector. Hassett also addresses the exclusion of Russia from the tariffs.
Key Points
- Over 50 countries seeking new trade agreements with the U.S.
- Anecdotal reports of U.S. auto plants adding second shifts
- Exclusion of Russia from tariffs due to ongoing negotiation
Pros
- Tariffs leading to new trade negotiations
- U.S. manufacturing sector booming
Cons
- Short-term pain for consumers