President Donald Trump The 12th week of tenure in office is likely to focus on the consequences after several new tariffs were announced last week and Israeli Prime Minister Benjamin Netanyahu’s visit.
“It’s not easy, but the end result will be historic,” Trump said on social media on Saturday while defending new U.S. tariffs, adding: “It’s not easy, but the end result will be historic. ”
Most of these comments in Trump’s 12th week of office promised to revolve around the president’s decision last week New tariffs In dozens of countries around the world, he believes that this policy ultimately takes “experience” the economy as part of the “economic revolution.”
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President Donald Trump and Israeli Prime Minister Benjamin Netanyahu will meet at the White House on February 4, 2025. (Anna Moneymaker/Getty Images)
But the economic trap of people on the new tariffs remains, most notably seeing the worst game of the decade on the S&P 500 and the Nasdaq late last week. Meanwhile, the Dow Jones industrial average fell 2,231.07 points, or 5.5%, on Friday, increasing concerns about Trump’s trade policy.
Senate Minority Leader Chuck Schumer called the tariffs a “massive attack on American families” during a weekend appearance on CNN, believing that the policy would only help “help billionaires.”
Still, Trump seems ready to double tariffs on the coming week, and in the long run, vows the trade plan will be a “victory.”
Chuck Schumer opposes Trump’s tariffs. (Reuters)
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“We are bringing back unprecedented jobs and businesses. There has been more than $5 trillion in investment, and it’s a fast rise! It’s an economic revolution and we’ll win.”
At the same time, Trump is planned Host Netanyahu At the White House on Monday, two leaders discussed not only the president’s tariffs on long-term U.S. allies, but also the ongoing expansion of Israel’s invasion of Gaza.
Trump may also pay close attention In Congress In the coming week, Republican lawmakers push forward the president’s trillion-dollar spending agenda.
House spokesman Mike Johnson (Andrew Harnik/Getty Images/File)
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The Senate passed Trump’s budget blueprint over the weekend and now needs to approve the House to push forward the budget reconciliation process. But doubt Trump’s agenda could clear the House of Commons this week, with Republicans with a slim majority that has a big split among the factions of the party.
“The Senate is free to throw paper and pen to draft its settlement bill, but I cannot support the passage of the Senate until I see actual spending and plans to reduce the deficit to enact President Trump’s first American agenda,” the presidential representative of the House Liberty Caucus wrote Saturday on Saturday.
