{"id":2411575,"date":"2025-03-09T07:15:02","date_gmt":"2025-03-09T11:15:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-officials-acknowledge-temporary-pain-amid-tariffs-market-unease\/"},"modified":"2025-03-09T07:16:17","modified_gmt":"2025-03-09T11:16:17","slug":"trump-officials-acknowledge-temporary-pain-amid-tariffs-market-unease","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-officials-acknowledge-temporary-pain-amid-tariffs-market-unease\/","title":{"rendered":"Trump officials acknowledge temporary pain amid tariffs, market unease"},"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\">18<\/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%2Ftrump-officials-acknowledge-temporary-pain-amid-tariffs-market-unease%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=2411575&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 article \u2063discusses\u2062 the acknowledgment by Trump management officials regarding the <a href=\"https:\/\/amzn.to\/3YuVZYV\">temporary economic disruption caused<\/a> by new \u2064tariff\u200d policies.\u2063 During a \u200bjoint \u2063session of\u200d Congress, President \u2064Trump mentioned \u2064the\u2062 tariffs would create &#8220;a little\u2063 disturbance,&#8221; coinciding with market concerns as stocks fell sharply. Treasury Secretary Scott Bessent recognized\u200d the\u2064 possibility of market fallout due to the administration&#8217;s economic agenda, stating that \u2062adjustments in government\u200d spending could lead to financial \u200bpain.<\/p>\n<p>The stock market experienced important volatility, highlighted by a steep decline of about 1,300 points in \u2062the Dow Jones Industrial Average over two days.\u200d The administration&#8217;s hardline approach\u2062 to tariffs has\u200c surprised many investors and raised concerns about its impact on\u200d economic growth, which has already shown signs of\u200c slowing.<\/p>\n<p>Economists warn that tariffs\u2064 typically act as a tax on consumers,\u200c contributing to inflation and economic uncertainty. despite these challenges, some experts believe that the economy is still strong enough to withstand the changes, particularly\u200d in the labor market. However, consumer \u200bsentiment \u2062is projected to remain fraught with uncertainty, impacting overall confidence.<\/p>\n<p>The article emphasizes the political\u2062 implications of \u200dthese economic fluctuations, noting that the length and severity of \u2064the turbulence could influence public opinion on the administration as it \u2064heads into crucial periods ahead.  <\/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\">Trump officials acknowledge temporary pain amid tariffs and market unease<\/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_2031202\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/trump-administration\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Trump administration<\/a> officials shifted tone this week to acknowledge that <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/markets\/\" target=\"_blank\" rel=\"noopener\" title=\"\">markets<\/a> and consumers might  suffer losses as the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title=\"\">economy<\/a> adjusts to the rollout of the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\/\" target=\"_blank\" rel=\"noopener\" title=\"\">White House<\/a> economic agenda.<\/p>\n<p>President Donald Trump told the nation during his joint address to Congress on Tuesday that his aggressive tariff policies would cause &ldquo;a little disturbance&rdquo; a day after stocks fell. Likewise, other officials, such as Treasury Secretary Scott Bessent, have said there may be temporary fallout in markets from the administration&rsquo;s agenda.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3341152\/first-round-of-march-social-security-payments-worth-up-to-5108-goes-out-in-three-days\/\">First round of March Social Security payments worth up to $5,108 goes out in three days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3341169\/april-social-security-direct-payment-23-days\/\">April Social Security direct payment worth $967 goes out in 23 days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3341027\/april-social-security-direct-payment-967-dollars-out-24-days\/\">April Social Security direct payment worth $967 goes out in 24 days<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>This week has been perhaps the most challenging week for the Trump administration since entering office. Investors watched the stock and bond markets closely as new tariffs against Mexico, Canada, and China went into effect and forecasted economic growth shrank and even turned negative.<\/p>\n<p>Wall Street was not happy with the uncertainty of this week, particularly as it relates to tariff policy.<\/p>\n<p>&ldquo;The political volatility is now definitely translating into economic volatility,&rdquo; veteran Republican consultant Jason Roe told the <em>Washington Examiner<\/em> on Friday.<\/p>\n<p>To begin the week, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-tanks-after-report-on-biden-plan-to-pay-for-leftist-agenda-experts-warn-it-is-insanity\/\" title=\"... Market Tanks After Report On Biden Plan To Pay For Leftist ..., Experts Warn: \u2018It Is Insanity\u2019\">stock market tanked<\/a> as investors began worrying more about tariffs, huge cuts to government, and projections that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-working-with-reporters-to-reshape-coverage-of-economic-woes-under-biden-as-approval-sinks-report\/\" title=\"White House Working With Reporters \u2018To Reshape Coverage\u2019 Of Economic Woes Under Biden As Approval Sinks: Report\">gross domestic product growth<\/a> was slowing.<\/p>\n<p>The Dow Jones Industrial Average dropped some 1,300 points on Monday and Tuesday alone. Despite rising some on other days, the index still posted its worst week since September 2024.<\/p>\n<p>During Trump&rsquo;s address to a joint session of Congress, he addressed the economic elephant in the room but downplayed its scale and staying power.<\/p>\n<p>&ldquo;There will be a little disturbance, but we&rsquo;re OK with that,&rdquo; Trump told lawmakers. &ldquo;It won&rsquo;t be much.&rdquo;<\/p>\n<p>Generalized anxiety on Wall Street is captured by the Chicago Board Options Exchange Volatility Index, better known as VIX but also as the &ldquo;fear index.&rdquo; Notably, the VIX was up about 20% over the past five days and has risen more than 41% in the past month.<\/p>\n<p>Although Trump campaigned on ramping up tariffs, the scale of his enacted and planned tariffs has surprised markets. Some investors thought Trump was using the theat of tariffs as a bluff and negotiating ploy, and to some degree he might be, but this week showed that Trump is willing to wield them against allies and adversaries alike.<\/p>\n<p>After a monthlong delay, 25% tariffs went into effect against Mexico and Canada. China was also slapped with more tariffs. Notably, Trump later delayed tariffs for products under the U.S.-Mexico-Canada Agreement on trade.<\/p>\n<p>Most economists argue that tariffs are a drag on growth, as the increased costs are passed through to the consumer in a way akin to a tax.<\/p>\n<p>Bessent, who has been very supportive of the Trump tariff agenda, acknowledged in an interview Friday that there will be some economic upheaval.<\/p>\n<p>&ldquo;Could we be seeing that this economy that we inherited starting to roll a bit? Sure,&rdquo; Bessent said on CNBC.<\/p>\n<p>Bessent said that some of the economic disarray is fallout from the administration of former President Joe Biden, but he also pointed out that the cuts to the federal government are contributing to some pain in the financial markets.<\/p>\n<p>&ldquo;There&rsquo;s going to be a natural adjustment as we move away from public spending to private spending,&rdquo; he said. &ldquo;The market and the economy have just become hooked. We&rsquo;ve become addicted to this government spending. And there&rsquo;s going to be a detox period.&rdquo;<\/p>\n<p>Sean Snaith, an economics professor at the University of Central Florida and the director of UCF&rsquo;s Institute for Economic Forecasting, told the <em>Washington Examiner<\/em> that the cuts being undertaken by the Department of Government Efficiency are sure to have an effect on the broader economy. While it is still unclear how much DOGE will cut, he said there will be ripple effects.<\/p>\n<p>&ldquo;There is no magic wand to kind of fix our debt and deficit problem,&rdquo; Snaith said. &ldquo;So yeah, when you reduce funding significantly, you&rsquo;re going to slow the economy.&rdquo;<\/p>\n<p>Snaith said there might be some stabilization once &ldquo;the policy dust settles a bit&rdquo; and it becomes clearer what the Trump administration&rsquo;s longer-term stance on tariffs is and there is more certainty surrounding how much DOGE will end up cutting.<\/p>\n<p>&ldquo;The good news is the economy is in a pretty good position, the labor market strong,&rdquo; he added. &ldquo;So I think we&rsquo;re in as good a position as we could be to weather the kind of changes that we&rsquo;re going to have to make to get our fiscal ship righted again.&rdquo;<\/p>\n<p>It is also worth noting that consumers, driven by economic uncertainty, are also wary about the economy and about long-term inflation prospects.<\/p>\n<p>&ldquo;It seems unlikely that, for the foreseeable future, a high degree of uncertainty is going to go away,&rdquo; Mark Hamrick, senior economic analyst at Bankrate, told the <em>Washington Examiner<\/em>. &ldquo;Uncertainty undermines confidence on the part of consumers and businesses.&rdquo;<\/p>\n<p>Consumer sentiment has soured as well. Consumers increasingly think that inflation will continue to persist, despite the Federal Reserve&rsquo;s efforts to drive it down.<\/p>\n<p>The University of Michigan Consumer Sentiment Index for February indicated that consumers think inflation will climb at an annual rate of 3.5% over the next five to 10 years. That is well above the Fed&rsquo;s preferred 2% level.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3338884\/trump-recession-warning-little-disturbance\/\" target=\"_blank\" rel=\"noopener\" title=\"\">TRUMP&rsquo;S &lsquo;LITTLE DISTURBANCE&rsquo; COULD TURN INTO A RECESSION, ECONOMISTS WARN<\/a><\/strong><\/p>\n<p>Roe pointed out that Democrats have been attacking Trump and Republicans hard on the economy but that those attacks are &ldquo;all they have right now,&rdquo; calling the party &ldquo;rudderless.&rdquo;<\/p>\n<p>Looking ahead, Roe said, what is going to matter politically is how long the turbulence drags out for households and voters. Trump will probably be extended about a six-month runway, he said.<\/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_2031202\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2031202\"}});<\/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>Trump officials admit temporary economic pain from tariffs<\/p>\n","protected":false},"author":3360,"featured_media":2411576,"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\/trump-economic-uncertainty.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,4545,50406,3634],"class_list":["post-2411575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-market","tag-tariffs-2","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/trump-economic-uncertainty.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411575","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\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2411575"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411575\/revisions"}],"predecessor-version":[{"id":2411579,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2411575\/revisions\/2411579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2411576"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2411575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2411575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2411575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}