{"id":2411042,"date":"2025-03-07T13:19:59","date_gmt":"2025-03-07T18:19:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-downplays-economic-disruptions-after-jobs-report-washington-examiner\/"},"modified":"2025-03-07T13:21:13","modified_gmt":"2025-03-07T18:21:13","slug":"white-house-downplays-economic-disruptions-after-jobs-report-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-downplays-economic-disruptions-after-jobs-report-washington-examiner\/","title":{"rendered":"White House downplays economic disruptions after jobs report &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-downplays-economic-disruptions-after-jobs-report-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2411042&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The \u200barticle discusses the White House&#8217;s response to a\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-falsely-claims-inflation-disappeared-in-july\/\" title=\"Biden Falsely Claims Inflation Disappeared In July\">recent jobs report<\/a> and the economic \u200dimplications \u2064of President Trump&#8217;s tariff policies. National Economic Council Director Kevin Hassett aimed to alleviate concerns that tariffs on Canada, Mexico, and China might negatively impact\u2063 American consumers.The Bureau of Labor Statistics reported that the economy added 151,000 jobs in Febuary,which was below expectations but an improvement from January.\u200b Hassett \u200demphasized \u2064that the president&#8217;s policies are encouraging manufacturers to bring jobs back to the U.S., citing over a \u2064trillion dollars in new investments and the creation of domestic production facilities. He acknowledged potential\u200b short-term disturbances caused \u2062by tariffs but maintained that the \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-stock-market-crash-dont-try-to-understand-it-feel-it\/\" title=\"A Stock Market Crash? Don\u2019t Try to Understand It, Feel It\">long-term outlook<\/a> would be positive for the economy. despite some concerns that tariffs\u2064 would increase costs \u2062for consumers, \u2064Hassett argued that addressing federal spending would have a more significant effect on inflation. the administration remains committed to promoting domestic production and economic growth \u2064through its tariff strategy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">White House downplays short-term economic disruptions after jobs report<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2028176\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/national-economic-council\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Economic Council<\/a>&nbsp;<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">Director<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-hassett\/\" target=\"_blank\">&nbsp;Kevin<\/a><\/span><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-hassett\/\" target=\"_blank\" rel=\"noreferrer noopener\">  Hassett<\/a> sought to tamp down concerns on Friday that President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noreferrer noopener\">Donald Trump<\/a>&lsquo;s tariffs against Canada, Mexico, and China could financially harm American consumers.<\/p>\n<p>A report published earlier in the day by the Bureau of Labor Statistics showed the economy adding 151,000 jobs in February &mdash;&nbsp;below expectations but above the number posted in January.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3340592\/muriel-bowser-trump-relationship-dc-statehood-home-rule\/\">Bowser tries to assuage Trump DC concerns to keep home rule threats at bay<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3340686\/watch-live-trump-delivers-remarks-from-the-oval-office\/\">WATCH LIVE: Trump delivers remarks from Oval Office<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3340532\/trump-floats-nuclear-deal-talks-letter-iranian-leader\/\">Trump floats nuclear deal talks in letter to Iranian leader<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3339484\/trump-gives-mexico-reprieve-tariffs-not-canada-trudeau\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>TRUMP EXTENDS TARIFF EXEMPTIONS TO CANADA AFTER DUSTUP WITH TRUDEAU<\/strong><\/a><\/p>\n<p>Hassett spoke to reporters briefly Friday morning at the White House, where he insisted that the president&rsquo;s economic agenda is <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-hedge-fund-ceo-david-mccormick-enters-crowded-senate-primary\/\" title=\"Former Hedge Fund CEO David McCormick Enters Crowded Senate Primary\">bringing manufacturing jobs back<\/a> to the United States.<\/p>\n<p>&ldquo;Why were those jobs created here in the U.S.? Well, it&rsquo;s because people are wary of what might happen to tariffs in the future, and they&rsquo;re already onshoring American production,&rdquo; he said. &ldquo;We&rsquo;ve got more than a trillion dollars of commitments, some new factories in the U.S., because people are trying to onshore production, and this is the first of many reports that are going to look like this.&rdquo;<\/p>\n<p>Hassett was not able to quantify the short-term negative impacts the president&rsquo;s tariffs might have in store for American consumers, as previewed by Trump during his address to a joint session of Congress earlier this week.<\/p>\n<p>&ldquo;Tariffs are about making America rich again and making America great again. And it&rsquo;s happening, and it will happen rather quickly. There&rsquo;ll be a little disturbance, but we&rsquo;re OK with that,&rdquo; Trump said Tuesday night. &ldquo;It won&rsquo;t be much.&rdquo;<\/p>\n<p>&ldquo;What I&rsquo;m most interested in right now, what I&rsquo;ve been seeing, is the <a href=\"https:\/\/amzn.to\/3YuVZYV\">short-term gain<\/a>,&rdquo; Hassett countered when asked what the president meant by a &ldquo;little disturbance.&rdquo; &ldquo;So we&rsquo;ve got more manufacturing jobs, we&rsquo;ve got revenue coming up for tariffs, we&rsquo;ve got interest rates going down quite a bit, saving each basis point about a billion dollars for taxpayers.&rdquo;<\/p>\n<p>&ldquo;I know that there&rsquo;s some uncertainty, but in the end, if we make it so that it&rsquo;s really attractive to produce things in the U.S., then all the value and production in the U.S. that moves here is a positive economy,&rdquo; he continued. &ldquo;There&rsquo;s going to be some uncertainty, especially between now and April, before tariffs are finalized, but after that, then, it should be just a gain. That&rsquo;s going to be a golden age, because what we&rsquo;re doing is we&rsquo;re moving towards a world where domestic production in the U.S. is the most attractive place to produce on Earth.&rdquo;<\/p>\n<p>Hassett specifically quibbled with reporters&rsquo; assertions that the tariffs would raise the cost of groceries for American households.<\/p>\n<p>&ldquo;If we reduce inflation at the aggregate level by stopping the $2 trillion a year of deficit spending, then that&rsquo;s going to be way more impactful on the price of groceries than a tariff here,&rdquo; he said. &ldquo;So, I think that it&rsquo;s really easy to get lost on the minutia of the tariffs without looking at the macro-economic lift.&rdquo;<\/p>\n<p>Trump is slated to announce new &ldquo;reciprocal&rdquo; tariffs on or around April 2 for a host of goods, including automobiles, pharmaceuticals, lumber, copper, and more. He has already placed 25% tariffs on the import of some Canadian and Mexican goods, 20% tariffs on Chinese imports, and 25% tariffs on all steel and aluminum imports, along with their downstream products.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3340143\/trump-turns-canadian-elections-upside-down\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>TRUMP&rsquo;S TARIFFS TURN CANADIAN ELECTIONS UPSIDE DOWN<\/strong><\/a><\/p>\n<p>A number of American manufacturers voiced significant concerns after Trump&rsquo;s tariffs on Canada and Mexico went into effect on Tuesday. That, coupled with a significant downturn in the markets this week, led Trump to extend a one-month tariff exemption for all goods compliant with the United States-Mexico-Canada Agreement he implemented in 2019.<\/p>\n<p>White House officials say that roughly 62% of imports from Canada, including energy products, and 50% of imports from Mexico will still be subject to the 25% tariff rate.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2028176\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2028176\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House minimizes short-term economic impacts post jobs report<\/p>\n","protected":false},"author":1,"featured_media":2411043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/white-house-downplays-tariff-pain.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[51743,36995,32127],"class_list":["post-2411042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economic-disruptions","tag-jobs-report","tag-white-house"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/white-house-downplays-tariff-pain.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2411042"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411042\/revisions"}],"predecessor-version":[{"id":2411046,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411042\/revisions\/2411046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2411043"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2411042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2411042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2411042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}