Trump remains cold to tariffs deal after Wall Street tantrum: sources

New York Post - Mar 21st, 2025

A plan to resolve tariff disputes with major trading partners like Mexico, Canada, and Europe is being discussed within Trump's circle. The proposal seeks concessions from these countries, such as halting fentanyl trafficking and increasing purchases of US goods, in exchange for the US lowering tariffs. However, President Trump remains committed to his tariff agenda, prioritizing economic revival and deficit reduction over potential deals. Despite market fluctuations and concerns over inflation and recession, a definitive plan is yet to be tabled, leaving investors anxious.

The ongoing tariff tensions are primarily affecting stock market stability, with recent volatility attributed to uncertainty around US trade policies. Trump's shifting targets and variable tariff proposals, particularly towards Europe and China, create challenges for investors. While some officials, including Kevin Hassett, indicate possible tariff adjustments, the internal discourse on a comprehensive trade deal remains muted. The situation underscores the precarious balance between aggressive trade strategies and economic repercussions, as stakeholders await clearer resolutions from key policymakers like Treasury Secretary Scott Bessent and Commerce Chief Howard Lutnick.

Trump China Stock Market Canada Europe Tariffs Mexico Us Economy Scott Bessent Howard Lutnick Kevin Hassett Trade Agreements

Story submitted by Fairstory

RATING

5.2

Moderately Fair

Read with skepticism

The article provides a timely and relevant examination of tariff policies and their potential economic impacts, which are of significant public interest. It is clear and accessible, making it easy to read for a general audience. However, the reliance on unnamed sources and speculative claims affects the overall accuracy and credibility of the information presented. The article lacks balance, as it primarily focuses on the negative aspects of the tariffs without adequately representing supportive perspectives. This limits its potential impact and engagement with readers seeking a more nuanced understanding of the issue. To enhance its quality, the article would benefit from more transparent sourcing and a balanced presentation of viewpoints.

Accuracy

The article presents several claims that require verification, such as the existence of a plan to end the stock market's tariff tantrum and the specifics of this plan. It claims this plan involves concessions from Mexico, Canada, and Europe, and President Trump's current stance against it. The accuracy of these claims is uncertain without corroborating evidence. Additionally, the article mentions specific tariff percentages and potential economic impacts, which need verification from credible sources. The mention of Kevin Hassett's comments on Fox Business adds some credibility, but the overall reliance on unnamed sources and speculative statements weakens the factual accuracy.

Balance

The article primarily presents a perspective that is critical of President Trump's tariff policies, highlighting market instability and potential negative economic impacts. While it does mention some potential willingness from other countries to negotiate, it lacks a balanced representation of viewpoints from those who might support the tariffs or believe in their potential benefits. The article could benefit from including perspectives from economic experts or representatives from the countries involved to provide a more rounded view.

Clarity

The article is relatively clear in its language and structure, making it accessible to readers. It uses straightforward language and presents information in a logical sequence, which aids comprehension. However, the speculative nature of some claims and the lack of detailed evidence can lead to confusion about the certainty of the information presented. The article could improve clarity by providing more concrete evidence and direct quotes.

Source quality

The article relies heavily on unnamed sources, such as 'Trump World,' 'Trump adviser,' and 'outside adviser,' which diminishes its credibility. The lack of direct quotes or attributions to specific, authoritative sources makes it difficult to assess the reliability of the information. While Kevin Hassett is mentioned, his comments are not directly quoted or detailed, which further affects the perceived quality of the sources used.

Transparency

The article lacks transparency in terms of the sources of its information. It does not clearly disclose how the information was obtained or provide sufficient context for the claims made. The reliance on unnamed sources and speculative language without explaining the basis for these claims undermines transparency. Readers are left without a clear understanding of the methodology behind the reporting or the potential biases of the sources.