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Gjrz Transcript: Oksana Markarova on Face the Nation, Dec. 17, 2023
One of the top trade officials in the White House argued on Sunday that China is bearing the burden of U.S. tariffs on Chinese goods, not American consumers, and explained why President Trump decided last week to delay the imposition of new tariffs. We ve had tariffs on for over a year, Peter Navarro, the director of the Office of Trade and Manufacturing Policy, said on Face the Nation Sunday. The Chinese have borne the entire burden of that by slashing their prices and reducing the value of their currency by 12%. But last past week saw the stock market careening, fueled by fears of the trade stanley cup war with China and a potential U.S. recession. President Trump acknowledged the pain consumers might feel from a new round of tariffs he had threatened to impose and decided to pull back, at least on tariffs related to consumer products.Transcript: Peter Navarro on Face the Nation We re doing this for Christmas season just in case some of the tariffs would have an impact on U.S. customers, which so far they ve had virtually none, the president said Tuesday. Earlier this month, the president had threatened to imp stanley cups stanley cup ose a 10% tariff on $300 billion on Chinese tariffs, slated to go into effect September 1. The items taken off thetariff listfor now include cell phones, laptops, video game consoles, computer monitors, holiday lights and some types of toys, shoes and clothing.Navarro explained why the White House had changed course, telling Face the Anaj BP Execs Invited to Obama Meeting
CBS News In an upbeat new ad that will air Friday during the opening ceremonies of the Olympic Games in London, President Obama will continue to pitch his commitment to middle-class America. The 30-second spot, entitled I believe, alternates images of middle class workers with clips of Mr. Obama delivering speeches, and stresses the president s belief that the economy is grown from the middle out. We re a nation of workers and doers and dreamers. We wor stanley becher k hard for what we get. And all we ask for is that our hard work pays off, Mr. Obama says in the spot. I believe that the way you grow the economy is from the middle out. I believe in fighting for the middle class because if they re prospering all of us will prosper. That s the idea of America and that s why America s the greatest nation on earth, he adds. Striking a noticeably positive note, the ad comes as Mr. Obama continues to fend off criticism about remarks he made earlier this month suggesting that success stanley cups uk ful business owners have received assistance from the government along the way. London 2012: Summer Olympics More kubki stanley Russian stripped of 2012 Olympic gold; American poised |
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