Governor Gavin Newsom, D-Calif., Dissects the impact of prices on the economy on “Kudlow”.
President Donald Trump focuses on the reduction of world commercial imbalances, but one of the best potential contenders of the Democratic Party in 2028 calls for the “quixotic” approach to the administration.
Although the administration has locked a trade agreement with Great Britain and says that it has others on the horizon, Trump’s pricing policies stimulated market volatility and were welcomed by many Americans, notably the governor of California Gavin Newsom.
Friday, the governor of Golden State shared his point of view on the Trump’s commercial program, arguing that the administration adopts an “inconsistent chaotic approach” of trade.
“Even if I was going to be charitable, I would say that her inconsistent chaotic approach does the opposite. She freezes investment, consumer confidence, small businesses, large medium -sized businesses. Everyone I talk about feels in the same way,” said Newsom on “Kudlow”.
“This chaos is not the kind of predictability and stability that would end up concluding, I think, in the favor of Trump in terms of fact, once again, to assert his arguments.”
The Secretary of Commerce says that more transactions to come according to the American trade agreement: “ will lead our economy ”
The Secretary of Commerce, Howard Lungick, unpacking the details of the British trade agreement and negotiations on the state of prices on “Kudlow”.
Since April, Trump’s trade war Shaken the financial markets and raises a recession fears, with central bankers and business leaders fighting with an often chaotic policies that undertake in global supply chains and a multitude of industries.
The Trump administration has announced widespread prices for several countries on the day of the “Liberation Day” in April, following criticisms that the business practices of other countries are unfair to the United States.
The administration then adjusted its initial proposal and announced in April that it would immediately impose a tariff of 145% Chinese goodsWhile reducing reciprocal prices on other countries for 90 days to a basic line of 10%. China responded by increasing the prices on American products at 125%.
Newsom, who said he was not an “absolutist” with regard to pricing policy, argued that the “quixotic” approach, “destructive” of Trump has “a deep impact on our confidence and our relationships all over the world”.
“If it was not so chaotic, I would at least engage in a very reasonable conversation on the resolution of these problems with a little more muscles, but it is imprudence,” he added.
Democrats trying to force retailers to display the cost of Trump prices on products
President Donald Trump unveiled a new trade agreement on Thursday with the United Kingdom.
The Democratic Executive has also warned the impacts on businesses, consumers and the global supply chain “cannot take place quickly and easily.”
Newsom expressed that he is also afraid of Trump’s decision -making “seems to come on information cycles, and not on the basis of a large strategy”, arguing that it is “the big obstacle in terms of access to the place where we want to go”.
Fox Business Larry Kudlow also pressure Newsom on China while the Trump administration provides Negotiations with China In Geneva, Switzerland, this weekend. Although full of hope, Newsom fears that talks will not succeed.
On Friday, Trump suggested a price of 80% on China, which would be significantly lower than the current 145%, but ultimately the final number would be to the US Treasury Secretary, Scott Bessent.
Bessent’s trade negotiator and chief Jamieson Greer should meet the Chinese economic tsar He Lifeng in Switzerland during the weekend.
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The American secretary of the Treasury, Scott Bessent, speaks with “the angle of Ingraham” on relations with China and commercial negotiations.
White House press secretary Karoline Leavitt said on Friday in a press briefing: “It was a number that the president launched there, and we will see what is happening this weekend”, adding that Trump would not unilaterally reduce the price and that China would be required to make “concessions”.
While the trade war with China is expected to reach a crossroads this weekend, Newsom said that Trump’s approach to trade and that the prices have “been cool on the ability to make wise decisions” economically.
“It’s a very serious moment. There is a better approach. If he wanted to take it, he hasn’t taken it yet,” he added.
Although it does not share concrete details, Newsom defended a “step -by -step” approach to mitigate the chronic commercial imbalance with the “industrial policy focused on workers”.
Danielle Wallace, Brie Stimson and Bradford Betz of Fox News Digital contributed to this report.
