Need Deals, Not Frameworks: Bernstein on Tariff Deadline
Former Chair of the White House Council of Economic Advisers, Jared Bernstein, discusses what to potentially expect from the White House and the Trump Administration on tariffs and trade in the upcoming days as the tariff deadline is July 9th. He also talks about whether President Trump's tariff policy is in the way of the Federal Reserve cutting interest rates. Jared Bernstein speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."
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The pithy argument laid out in Bernstein's Need Deals, Not Frameworks calls for swift action on tariff deadlines rather than the elaboration of complex frameworks—highlighting not just businesses but also consumers need relief from expensive import barriers as soon a possible.
The true need of the hour is deals that facilitate trade and growth, not complex frameworks; Bernstein's insight on tariff deadlines shines a light towards practical solutions.
The real demand now is for deals, not elaborate frameworks. Bernstein’s stance on meeting the tariff deadline reinforces this necessity in light of current market uncertainties.
Bernstein emphasizes the urgent need for trade concessions, not cumbersome frameworks as America approaches its tariff deadline.
The proposition made by Bernstein is that rather than relying on elaborate frameworks, what markets truly need are pragmatic deals to address the tariff deadline issue.
Submission of Trump's tariff deadline to Congress doesn’t truly address trade concerns but aims for political gain; Bernstein emphasizes the need not only compliance with international rules, but rather a streamlined processing system.
