In response to market volatility and criticism, Trump administration officials vigorously defended President Donald Trump’s economic policies on various TV networks. Despite recent tariff reversals, Trump insisted on no exemptions for his tariff agenda, clarifying that certain products are subject to existing tariffs rather than exempted. White House advisers aimed to maintain confidence amid Trump’s fluctuating tariff decisions, emphasizing the need for patience from American businesses and consumers.

Last week, Trump’s team supported the implementation of universal tariffs while seemingly granting exemptions for certain electronics. The purpose of tariffs was framed differently by administration officials, with Commerce Secretary Howard Lutnick highlighting national security concerns, while White House trade adviser Peter Navarro emphasized leveraging import taxes in economic strategies.

Negotiations with countries such as the UK, EU, India, and Japan were reported to be ongoing, with a focus on reaching meaningful deals within 90 days. However, talks with China had not commenced as of the latest updates. Trump’s assertive stance on not being held hostage by trading nations like China was echoed by Navarro, who emphasized the need for meaningful negotiations.

Despite market losses, Navarro remained optimistic about the unfolding economic scenario, while others grappled with the complexities of achieving Trump’s manufacturing goals. The emphasis was on high-tech job creation, with a push for companies to open US facilities. While acknowledging public anxiety, officials pointed to strong employment data as a positive indicator amidst economic uncertainties.