Newsom Criticizes Trump's Trade Policies, Labeling Them as Quixotic and Inconsistent, Citing a Chaotic Approach to Tariffs
California's top gun, Gavin Newsom, the Dem governor, takes Donald Trump's trade game to pieces in a no-hold-barred chat on 'Kudlow'.
Trump's got his eyes set on slimming down global trade distortions, but Gavin Newsom, a potential contender for the 2028 presidential bid, is firing away at the administration's wacky tactics.
Although the administration's scored a trade deal with Blighty and keep boasting about more in the pipeline, Trump's tariff shenanigans have sent the market spinning and left many folk, including Cali's Gov, Newsom, flabbergasted.
Newsom for one, thinks the administration's glitchy, unpredictable approach to trade is doing more harm than good, freezing investment, killing consumer confidence, and pinching small to medium-size businesses.
"Even if I was feeling kind-hearted, I'd still say their inconsistent, chaotic approach torpedoes anything that'd help the situation," Newsom lets loose on "Kudlow".
"This mess is not the kind of predictability and stability that'd help Trump, with everything hinging on making his case."
*AWA OK'S MORE DEALS AFTER US-UK TRADE AGREEMENT: "GOING TO DRIVE OUR ECONOMY"*
*ADMINISTRATION PLANS TARIFF SHOWDOWN WITH CHINA COMING UP*
You-Tubes:
- Howard Lutnick Explains the Right Kind of Deal (Commerce Secretary Howard Lutnick unpacks the details of the UK trade agreement and tariff negotiations on 'Kudlow.')
- China Tariffs: What Awaits the US Economy? (A look into the ongoing trade war and its effects on the US economy.)
- Trump Unveils New Trade Deal with the UK (President Trump announces a new trade deal with the United Kingdom.)
- Trump Intends to Push for More Tariffs on China (President Trump hints at pushing for higher tariffs during his trade negotiations with China.)Gavin Newsom, California's governor, has been vocal in his criticism of Donald Trump's trade policy and approach to tariffs. Newsom's critique centers on several key points:
- Inconsistency and Chaos: Newsom describes Trump's trade policy as "inconsistent" and "chaotic," arguing that it lacks a clear strategy and is often driven by news cycles rather than a comprehensive economic plan[1][5].
- Economic Impact: He warns that Trump's tariffs are harmful to businesses and consumers alike, driving up prices, threatening jobs, and potentially leading to a decrease in goods entering the country[2][4].
- Unconstitutionality: Newsom has also argued that Trump's unilateral imposition of tariffs is unconstitutional, citing that Trump does not have the authority to enact tariffs without congressional approval[5].
- Alternative Approach: Newsom advocates for lowering trade barriers and addressing trade imbalances without relying on tariffs, promoting a more strategic approach to correct global trade imbalances while supporting American businesses and consumers[2][4].
In summary, Newsom views Trump's tariff policy as problematic for American businesses and consumers and wishes for a more strategic, balanced approach to trade policy that encourages economic growth and stability. He has also indicated that he might take legal action to challenge the constitutionality of Trump's tariff powers.
- The inconsistency and chaos in Donald Trump's trade policy, as pointed out by Gavin Newsom, has led him to question the administration's strategy and its adherence to a comprehensive economic plan.
- The erratic application of tariffs by the administration, according to Newsom, has a detrimental impact on businesses and consumers, raising prices, jeopardizing jobs, and potentially decreasing the inflow of goods.
- Newsom argues that Trump's unilateral imposition of tariffs might be unconstitutional since the president does not have the authority to enforce tariffs without congressional approval.
- In contrast to Trump's approach, Newsom advocates for lowering trade barriers and addressing trade imbalances without relying on tariffs, favoring a more strategic method to correct global trade imbalances while strengthening American businesses and consumers.
- Given these concerns, Newsom has expressed an inclination toward challenging the constitutionality of Trump's tariff powers while promoting a more balanced and conducive trade policy for economic growth and stability.
