Trump holds firm on tariffs as White House looks for ways to calm nervous allies
Trump sees an opportunity to “change the fabric” of the U.S. with his sprawling plan to institute new global tariffs,while cracks form in his political coalition.
Donald Trump sees an opportunity to “change the fabric” of the United States with his sprawling plan to institute new global tariffs — a policy that has had markets shaking for days while cracks form in his political coalition.
But even as the president, administration officials and key allies say he will not back down from his tariff plan, they are looking for ways to ease the concerns of wary supporters. The measures include talking up the potential to cut deals with key trading partners, pointing to tax cuts as a way to balance out the economic hit and deploying officials to speak to jittery business groups.
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“The feeling among Hill Republicans is we’ve got to get rolling on the tax cuts right now,” a senior Senate Republican aide said. “We have to offer some candy to the business community in terms of offering them certainty and helping with pro-growth policies.”
Two administration officials confirmed that members of the administration were taking calls from business groups and setting up private meetings to allay worries.
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