Saturday, May 24, 2025
Smart Again
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us
No Result
View All Result
Smart Again
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us
No Result
View All Result
Smart Again
No Result
View All Result
Home Trending

“Was this the plan?”: Trump admin officials lambasted over tariff chaos, market crash

April 6, 2025
in Trending
Reading Time: 2 mins read
0 0
A A
0
“Was this the plan?”: Trump admin officials lambasted over tariff chaos, market crash
Share on FacebookShare on Twitter


Days after the president’s announcement of tariffs kicked off stock market chaos, Trump administration officials faced a barrage of adversarial interviews on Sunday morning talk shows.

Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins were grilled across networks, at times looking as uncomfortable as any American with eyes on their 401K. 

On NBC’s “Meet the Press,” host Kristen Welker wondered if the Trump administration had put any forethought into their global raft of tariffs. Noting that the stock market had lost an astonishing $6 trillion in value over the course of the last week, Welker cornered Bessent. 

“The markets lost more than $6 trillion in value. Was this disruption always part of the plan, Mr. Secretary?” she asked.

Bessent responded that “markets are organic animals” and accused Welker of pushing a “false narrative” in spite of the actual losses. He defended Trump’s decision, saying the United States unequal footing in trade deals needed to be corrected in spite of pain in the market.

“This has been years in the making,” he said. “This is a national security issue. President Trump has decided we cannot be at risk like that.”

Over on CNN, “State of the Union” host Jake Tapper accused the Trump administration of acting like a bunch of Pollyannas. 

“There seems to be a lack of acknowledgment of the real pain and panic people are feeling right now,” he told Rollins. “There seems to be a disconnect between what you’re saying and the reaction of the world.”

The agriculture secretary, for her part, did not deny the reality of the stock market. Unlike Bessent, she said the administration knew that “uncertainty” would follow the tariff announcement. 

 “We knew there would be uncertainty,” she said. “The markets are adjusting.”

Tapper and CBS’ “Face The Nation” host Margaret Brennan both pinned their guests on the much-discussed tariffs on uninhabited islands. Rollins waved it off with a “whatever,” but Lutnick pushed back. Brennan asked the commerce secretary if the tariff list was “made with AI, ” prompting Lutnick to envision a scenario where corporations route their trade through the Southern Ocean to avoid duties. 

“Because the idea — what happens is if you leave anything off the list, the countries that tried to basically arbitrage America go through those countries to us,” Lutnick said. “And so the president knows that. He’s tired of it, and he’s going to fix that.”



Source link

Tags: adminchaoscrashlambastedmarketOfficialsPlanTariffTrump
Previous Post

Elon Musk says Saturday’s protesters were “paid puppets.” That’s not what I saw.

Next Post

Trump’s Commerce Secretary Admits Tariffs Will Devastate American Manufacturing

Related Posts

Pete Rose, Donald Trump and the corruption of literally everything
Trending

Pete Rose, Donald Trump and the corruption of literally everything

May 24, 2025
Something remarkable is happening with violent crime rates in the US
Trending

Something remarkable is happening with violent crime rates in the US

May 24, 2025
Springsteen Drops New EP And It’s A Middle Finger To Trump
Trending

Springsteen Drops New EP And It’s A Middle Finger To Trump

May 24, 2025
Forty Five Years Ago Today:  The Shining
Trending

Forty Five Years Ago Today: The Shining

May 24, 2025
The latest in Harvard vs. Trump, briefly explained
Trending

The latest in Harvard vs. Trump, briefly explained

May 23, 2025
JD Vance isn’t even trying to align his politics with the Catholicism he chose
Trending

JD Vance isn’t even trying to align his politics with the Catholicism he chose

May 23, 2025
Next Post
Trump’s Commerce Secretary Admits Tariffs Will Devastate American Manufacturing

Trump's Commerce Secretary Admits Tariffs Will Devastate American Manufacturing

“Own this”: Walz tells CNN he doesn’t appreciate Harris’ “I told you so”

"Own this": Walz tells CNN he doesn't appreciate Harris' "I told you so"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
“A huge net positive”: Controversial “Squid Game” character challenges Western representation ideals

“A huge net positive”: Controversial “Squid Game” character challenges Western representation ideals

December 31, 2024
Will the next pope be liberal or conservative? Neither.

Will the next pope be liberal or conservative? Neither.

April 21, 2025
Zero-sum politics is destroying America. We can build a way out.

Zero-sum politics is destroying America. We can build a way out.

March 22, 2025
Why the Karen Read retrial might end differently this time

Why the Karen Read retrial might end differently this time

May 3, 2025
What Megyn Kelly gets right — and wrong — about Conclave 

What Megyn Kelly gets right — and wrong — about Conclave 

January 12, 2025
The roots of Donald Trump’s fixation with South Africa

The roots of Donald Trump’s fixation with South Africa

February 15, 2025
“They stole an election”: Former Florida senator found guilty in “ghost candidates” scandal

“They stole an election”: Former Florida senator found guilty in “ghost candidates” scandal

0
The Hawaii senator who faced down racism and ableism—and killed Nazis

The Hawaii senator who faced down racism and ableism—and killed Nazis

0
The murder rate fell at the fastest-ever pace last year—and it’s still falling

The murder rate fell at the fastest-ever pace last year—and it’s still falling

0
Trump used the site of the first assassination attempt to spew falsehoods

Trump used the site of the first assassination attempt to spew falsehoods

0
MAGA church plans to raffle a Trump AR-15 at Second Amendment rally

MAGA church plans to raffle a Trump AR-15 at Second Amendment rally

0
Tens of thousands are dying on the disability wait list

Tens of thousands are dying on the disability wait list

0
“Fear Street: Prom Queen” lacks the thrills and brains of its slasher predecessors

“Fear Street: Prom Queen” lacks the thrills and brains of its slasher predecessors

May 24, 2025
Jake Tapper’s Biden Book Is Collapsing

Jake Tapper’s Biden Book Is Collapsing

May 24, 2025
Pete Rose, Donald Trump and the corruption of literally everything

Pete Rose, Donald Trump and the corruption of literally everything

May 24, 2025
Something remarkable is happening with violent crime rates in the US

Something remarkable is happening with violent crime rates in the US

May 24, 2025
Springsteen Drops New EP And It’s A Middle Finger To Trump

Springsteen Drops New EP And It’s A Middle Finger To Trump

May 24, 2025
Forty Five Years Ago Today:  The Shining

Forty Five Years Ago Today: The Shining

May 24, 2025
Smart Again

Stay informed with Smart Again, the go-to news source for liberal perspectives and in-depth analysis on politics, social justice, and more. Join us in making news smart again.

CATEGORIES

  • Community
  • Law & Defense
  • Politics
  • Trending
  • Uncategorized
No Result
View All Result

LATEST UPDATES

  • “Fear Street: Prom Queen” lacks the thrills and brains of its slasher predecessors
  • Jake Tapper’s Biden Book Is Collapsing
  • Pete Rose, Donald Trump and the corruption of literally everything
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Smart Again.
Smart Again is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us

Copyright © 2024 Smart Again.
Smart Again is not responsible for the content of external sites.

Go to mobile version