Strategic Tariffs as a Tool for Trade Negotiations

In a revealing CNBC interview, White House Council of Economic Advisors Chair Stephen Miran shed light on President Donald Trump's use of tariffs as a strategic tool. "President Trump is effectively buying time to craft very intricate trade agreements," Miran explained, highlighting the administration's approach to international trade.

Economic Confidence Amidst Market Volatility

Miran also expressed unwavering confidence in the U.S. economy, dismissing fears of a looming recession. "I never thought that we were headed for any sort of meaningful recession," he stated, pointing out that the burden of tariffs falls on the nations they're imposed upon. He emphasized the need for deregulation to accelerate factory construction and economic growth.

Understanding Market Fluctuations

Addressing recent market declines, Miran remarked that such movements are part of the "natural fluctuations in volatility" that financial markets experience, suggesting a measured perspective on short-term market dynamics.