After weeks of Wall Street grasping for signals he's been sidelined, a dive into the flaw in the assumption Trump's second term econ team is anything like his first - and what that actually means for Navarro.
w/ @jeremyherb & @kaylatausche
https://t.co/AevE7n7lHw
Scoop: Trump called Amazon founder Jeff Bezos Tuesday morning to complain about reports that his company was considering displaying the cost U.S. tariffs next to prices for certain products on its website, two senior White House officials told @CNN
Now we're beginning to see some real tariff revenue. Monday's custom duty deposit to Treasury from CBP was $11.7 billion, almost $7 billion higher than the April 2024 deposit. Suggests that tariffs were biting in April in a way they weren't in February or March.
Bessent said 100+ countries have reached out to negotiate trade deals.
The WH says it's only received 18 written proposals.
Between Trump's random itches to reverse course - and the possibility a court halts tariffs - most are choosing to wait it out.
https://t.co/qCBKeUtxfD
NEW: China’s finance minister and central bank leader are in DC — yet there are no plans for top US officials to meet them, despite Trump’s insistence that discussions are happening and a trade deal could take shape.
W/ @kylieatwood@KitMaherCNN
https://t.co/qCBKeUu55b
NEWS: IRS employees expect to learn THIS WEEK — their busiest time of the year, with Tax Day — if they're losing their jobs amid Trump's federal workforce cuts. On the timing, one employee said, "it seems like the cruelty is the point." w/ @kaylatausche https://t.co/grIwVsJyj8
NEW: Trump is waiting for Xi to call. Beijing sees it differently.
How two economic superpowers keep talking past each other as their game of chicken intensifies
W/ @kylieatwood@Kevinliptakcnn@alaynatreene@jeremyherb
https://t.co/CVLe7srklZ
NEW: In recent days, the WH has seen a a "tsunami" of calls fm CEOs warning on tariffs
The hopeful resultl: A move toward actual dealmaking, w/ Susie Wiles among those urging POTUS to consider his political capital
+ @Kevinliptakcnn@kylieatwood@CNN
https://t.co/6fFLkAA997
Breaking: CNN is the first US news organization inside El Salvador's Cecot prison since the latest deportation flight.
@David_Culver reports from outside San Salvador
More here https://t.co/nPDrdBdQle
"[The White House wants] this manufacturing to come back to the U.S. so badly that it is a strategy that is going to be implemented at all costs," says @kaylatausche.
"But there's an asterisk there, which is that Donald Trump very much cares about what happens to the market."
NEW: After Treasury's Bessent defended Trump's tariffs in a series of TV interviews, he had to defend them to his bipartisan Treasury predecessors at Cafe Milano, where they'd gathered for a long-planned (but ill-timed) welcome dinner.
More -->
https://t.co/S2lHdXhMGx
NEW reporting w/ team @CNN --
How much does Trump care about the market rout? It depends who you ask.
He's racing to make deals with other countries and his team is fielding apoplectic calls from CEOs. Their biggest question: What's the endgame?
https://t.co/S2lHdXheQZ
“Between 2016 and 2019, Vance said repeatedly that American manufacturing jobs were lost for good, and that “protectionist” trade policies would do little to bring them back.” https://t.co/rO7RACMMRa
Last week, I visited Kansas City, a blue pocket in the deep-red heartland where the federal gov't is the largest employer.
Thousands could be laid off there in the coming weeks - workers are preparing for the worst.
Here and on @TheLeadCNN next hour.
https://t.co/Jo9fTTV2lU