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Politics chat: Confusion over Trump's agenda with tariffs and trade war
AYESHA RASCOE, HOST:
Economic officials
from the U.S. and China
are meeting this weekend
in Geneva, Switzerland,
after weeks of tension
brought on by President Donald Trump's tariffs
on Chinese goods
and China's levies
on U.S. goods
in response.
In a few minutes
, how far China might be willing to go
to de-escalate the trade war
. But first,
NPR's senior national political correspondent
Mara Liasson joins us now.
Good morning, Mara,
and happy Mother's Day.
MARA LIASSON, BYLINE: Good morning, Ayesha
. Happy Mother's Day to you.
RASCOE: Thank you.
So I want to start with the word confusion
because when it comes to
what President Trump wants regarding tariffs,
the message is confusing
and seems to be all over the place.
He raised tariffs
on China to 145%
about a month ago,
around the same time
he paused his so-called reciprocal tariffs
for other countries.
Then, as Treasury Secretary,
Scott Bessent was gearing up
for Geneva,
Trump wrote
on Truth Social,
80% tariff on China
seems right.
Up to Scott B.
But is it?
Like, you know, and why is now -
and why is the president now suggesting 80%?
LIASSON: Well, those are a lot of good questions.
You know, Trump's pattern has been to put a high tariff
on and then back of
f. And it seemed as though
when he posted that, quote
, "80% tariff on China
seems about right,
" he was following that pattern
with the president essentially negotiating
with himself,
putting a high tariff on,
backing off,
even though he wasn't getting any concessions
from the other side,
in this case, China.
But press secretary Karoline Leavitt said that
the 80% was not a new tariff limit
on China,
but just something that Trump was, quote
, "throwing out there,
" and that any reduction
in a tariff on China
would have to come
as part of negotiations.
So still very unclear.
RASCOE: So this is coming
after a trade deal
or, you know, basically a framework
for a trade deal
with the U.K.
How much of a victory is that
for the president?
LIASSON: Well, I think the markets think
any kind of a deal is a victory
, but you're right,
it's a framework
. It's not a finished deal.
And the U.K. is different than other countries
. It's not clear
whether this deal will be a model
for other trade deals
because we have a surplus
with the U.K.,
not a deficit
. And, of course, the president is still keeping 10% tariffs
on the U.K.
And there's a new poll out
from Politico and Public First
that indicates while a big majority of Americans
and Brits support this deal,
less than a third of British respondents
and less than half of American respondents
trust Trump to stick to it.
So it looks like the president's own unpredictability
is still a very big factor
in these trade wars.
RASCOE: Did we learn anything
about MAGA foreign policy last week?
LIASSON: Well, I guess
we learned that
it's not as isolationist
as some people think it was.
The president said that
the U.S. negotiated a, quote,
"full and immediate ceasefire
" between India and Pakistan,
although both sides
have now accused the other of violating it.
RASCOE: Well, you know,
the president has also sent mixed messages
to lawmakers
who are working on that big, beautiful bill.
One element of it is keeping the 2017 tax cuts,
but Trump said last week
he'd be open
to raising taxes
on the rich
. I mean, that's a big statement
from a Republican.
LIASSON: Yep, that certainly violates
decades of Republican policy
on tax hikes.
But the reason
they are even talking about raising taxes
on the rich
is because they're having so much trouble
finding enough spending cuts
to pay for all those big, beautiful tax cuts
that the president wants
. On Friday,
the president posted that
he'd graciously accept
a, quote, "tiny" tax increase
on the rich.
And he said Republicans should probably not do it
, but that he'd be OK
if they did.
Very confusing.
The other thing
that Republicans are looking at
to raise some money
is to raise the -
is to lower the deduction
of how much state and local taxes
high-income earners
can take in high-tax states.
Translation - blue states.
When Trump passed his first tax cut bill
in his first term
, he limited the amount of deductions
that high earners could take in blue states
. It was kind of an own the libs fiscal policy.
Republicans thought
they could force blue states
to lower taxes,
but now it's become a huge obstacle
in the House.
Republicans from high-tax states
like New York and New Jersey
are revolting,
saying they won't vote
for the tax bill
unless this is changed.
RASCOE: That's NPR's senior national political correspondent
Mara Liasson.
Thank you, Mara.
LIASSON: Thank you.