Trump's Second Term at 100 Days: Economic Policy Takes Center Stage

The White House held an early morning briefing on Tuesday, marking President Donald Trump's 100-day milestone in office. Press Secretary Karoline Leavitt was joined by Treasury Secretary Scott Bessent, who addressed key economic policies and trade negotiations.

"I think one thing that has been a little disconcerting for the markets is that President Trump creates what I would call strategic uncertainty in the negotiations," Bessent said. "We had four years of bad deals for decades of unfair trading. We are going to unwind those and make them fair. What we are doing is we've created a process. I think the aperture of uncertainty will be narrowing, and as we start moving forward announcing deals, then there will be certainty, but you know, certainty is not necessarily a good thing in negotiating."

Bessent revealed that the administration is planning to soften auto tariffs, a move first reported by The Wall Street Journal. He stated that the goal is to reshore manufacturing, following recent meetings between Trump and auto producers.

The U.S. has imposed a 145% tariff on goods from China, which has prompted several major retailers to raise prices. However, Bessent indicated that tariffs could raise revenue for the U.S. government, which could be used to provide tax relief for Americans.

Bessent expressed optimism about nearing a deal with India and indicated that discussions with South Korea are also progressing. The administration continues to promote its trade strategy, which aligns with President Trump’s broader economic plan emphasizing deregulation, tariffs, and tax cuts.

President Trump is set to celebrate this milestone tonight in Michigan during a rally, where he is expected to announce plans that focus on economic policy—a major factor in his electoral success. He will highlight what they term "promises made, promises kept," while outlining goals for the next 100 days, which include a budget deal with Congress, trade agreements, and peace deals.

Despite these initiatives, polling indicates ongoing concern among Americans about the economy as the administration approaches the end of its first 100 days. When pressed on this issue, the White House reiterated its message of “trust in Trump.”