White House Press Secretary Karoline Leavitt on Reciprocal Tariffs and Economic Outlook

Economic Transition and Tariffs

• 💡 The White House acknowledges being in a period of transition regarding the economy, with a long-term plan for tariffs.
• 🎯 The administration believes tariffs will restore wealth to the country, following a formula of deregulation, tax cuts, and an energy boom.

Economic Indicators and Optimism

• 📊 Recent economic indicators, including the latest CPI report, show inflation is cooling.
• 📉 The national average price of gas has decreased by 42 cents from the previous year, and wholesale egg prices have fallen significantly since January.
• ✅ These positive signs suggest the American people have great reason to be optimistic about the economy.

April 2nd Tariff Deadline

• 🗓️ The administration is focused on the April 2nd deadline for reciprocal tariffs to go into effect.
• ⚖️ The President is prepared to respond if the United States is treated unfairly by allies or competitors.
• 🗣️ More details on the reciprocal tariffs will be released as the date approaches, with involvement from the trade team and the Vice President.