Strategic Use of Tariffs Under Trump's Administration

In a recent CNBC interview, Stephen Miran, Chair of the White House Council of Economic Advisors (CEA), highlighted President Donald Trump's strategic approach to trade negotiations. According to Miran, the implementation of tariffs is a tactical move designed to "buy time" for the development of "very intricate" trade agreements.

Economic Outlook and Market Volatility

Miran expressed confidence in the U.S. economy's resilience, stating, "I never thought that we were headed for any sort of meaningful recession." He elaborated on the economic strategy, noting that the burden of tariffs falls on the nations subjected to these fees. Furthermore, Miran emphasized the importance of deregulation to expedite factory construction, saying, "We need to get regulations out of the way so companies can build factories faster."

Addressing recent market fluctuations, Miran remarked that the decline was expected, attributing it to "natural fluctuations in volatility" that are typical in financial markets.