President Donald Trump’s 12th week in office could center on fallout from several new tariff announcements last week and visits by Israeli Prime Minister Benjamin Netanyahu.
“Hang Tough,” Trump defended the new US tariffs on social media on Saturday, adding that “it’s not easy, but the end result is historic.”
The comments promise that many of Trump’s 12th week inauguration will focus on the president’s decision to announce new tariffs in dozens of countries around the world last week. He argued that the policies he argued would ultimately “supercharge” the economy as part of his “economic revolution.”
Stephen Miller says Americans need to understand how we were “bad” deceived as a country
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu will meet at the White House on February 4th, 2025 (Anna Moneymaker/Getty Images)
But concerns remain about the economic pitfalls of the new tariffs, especially after the S&P 500 and Nasdaq saw the worst outbreak of last week’s decade. Meanwhile, the Dow Jones industrial average fell 2,231.07 points (5.5%) on Friday, increasing concern over Trump’s trade policy.
Senate minority leader Chuck Schumer, while appearing on CNN over the weekend, called the tariffs a “massive attack on American families” and argued that the policy would only help “help billionaires.”
Nevertheless, Trump appears to be ready to double his tariff push last week, vowing that his trade plan will be a “winner” in the long run.
Chuck Schumer spoke about Trump’s tariffs. (Reuters)
Trump’s Chinese tariffs face legal challenges from conservative groups.
“We’re reviving jobs and businesses more than ever. It’s already an investment of over $5 trillion and is rising rapidly! This is an economic revolution and we’re going to win.”
Meanwhile, Trump is scheduled to host Netanyahu in the White House on Monday, and the two leaders are likely to discuss not only the 17% tariffs the president has placed on US allies for many years, but also the ongoing expansion of Israel’s invasion of Gaza.
Trump could also pay attention to Congress a week in advance as GOP lawmakers move forward to advance the president’s multiple spending agenda.
House Speaker Mike Johnson (Andrew Harnik/Getty Images/File)
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The Senate adopted Trump’s budget blueprint over the weekend. This will require approval from the House of Representatives to move forward into the budget adjustment process. However, there remains doubt that Trump’s agenda will be able to clear the lower room this week.
“The Senate is free to put pens on paper to draft a settlement bill, but we cannot support the passing of Senate changes home until we see the actual spending and deficit reduction plans to enact President Trump’s first American agenda.”
Michael Lee is a Fox News writer. Before joining Fox News, Michael worked for Washington Examiner, Bongino.com, and for the impartial America. He has covered politics for over eight years.
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