Fox Business presenter, Larry Kudlow, discusses the changing strategy of the White House about the ‘Kudlow’ tariff negotiation.
Less than a week after the day of liberation, the White House seems to have changed both the plays book and the hierarchical order with respect to its reciprocal tariff campaign.
Perhaps the fall of the stock market, or the telephone calls of foreign leaders, or both, have contributed to a change in the strategy of President Donald Trump, to the negotiation, from the non -negotiation.
Just call it: common sense.
As someone who firmly supports their reciprocal commercial policy, I would say this is something very good.
In the Oval office, a signed copy of “The Art of the Agreement” gave the Israeli Prime Minister. How appropriate.
Last night in my interview with the Treasury Secretary, Scott Besent, he talked about being a very busy guy in the coming months.
“I can tell him that there are 50, 60, maybe almost 70 countries that have approached us,” said Besent. “So it will be an occupied April, May, maybe in June. And Japan is a very important military ally. They are a very economical ally. And the United States has a lot of history with them. So I would expect Japan to have priority.”
And, in addition to a change in the negotiation plays book, it also seems that a great change in the hierarchical order has emerged.
Suddenly, Mr. Besent seems to be the main negotiator.
Now, this is how Mr. Trump’s press secretary, Karoline Leavitt, expressed it.
“Just yesterday, President Trump celebrated a bilateral meeting with Israeli Prime Minister Benjamin Netanyahu here at the White House,” he said. “Also yesterday, the president spoke with Japan’s Prime Minister, who also wants to negotiate as well. The president also spoke with the interim president of South Korea this morning. He has assigned to Secretary Besent and the commercial representative of the United States Jamieson Greer to direct these conversations.”
The ‘Kudlow’ John Carney and EJ Antoni panelists discuss tariff diplomacy under the Trump administration.
There was a time when the Secretary of Commerce Howard Lutnick was appointed as the main commercial negotiator, but Mr. Besunt seems to have replaced it.
And this is a good omen for a true approach to reciprocal commercial treatment.
Both Mr. Besent and the United States commercial representative, Greer, are more flexible with respect to the so -called reciprocal tariffs published for the first time on the day of liberation. They are too high.
That is because they trust the American commercial deficit too much. A highly defective and wrong calculation.
Think about it in this way: if the economic plan of Tax cuts of Mr. Trump, the deregulation, the liquid gold and the reciprocal fair trade are implemented, the United States will grow faster than probably any important country in the world.
Which means we will buy more imports as we grow.
The United States Secretary of the United States, Scott Besent, unpacks the state of the United States’s commercial negotiations on ‘Kudlow’.
However, the key objective for reciprocal trade is to open export markets to the United States that have previously closed due to high rates or non -objective barriers.
In other words, access to the market must be the key objective, do not abolish the commercial deficit.
The last one could go down if the first opens successfully.
However, the only way to guarantee a trade balance in goods is a prolonged deep recession, and surely nobody wants that.
Not all Mr. Trump’s advisors agree with this. However, I believe that the true purpose behind Mr. Trump’s thought are zero tariffs and zero barriers non -tariffs.
And, when countries such as India, Taiwan, Vietnam, Japan and South Korea are observed, or Europe, there is a lot of work to do to level the field for the barriers rates and non -tariff.
But the tariff gaps are not as large as Mr. Trump’s original list would suggest if it is calculated correctly, without the unnecessary objective of eliminating the commercial gap completely.
Now, we are going to make some good commercial offers. That is the agenda.
