Trump’s 12th week in office to be dominated by tariffs fallout, Netanyahu visit

The twelfth week in perform of President Donald Trump will most likely consider the results of final week’s announcement of varied new charges and a go to from Israeli Prime Minister Benjamin Netanyahu.

“Hold laborious,” Trump stated on social media on Saturday whereas defending new American charges, including that “it won’t be straightforward, however the finish consequence will probably be historic.”

The feedback come from Trump’s twelfth week in workplace guarantees to pay attention the choice of the president final week to announce new charges to dozens of nations around the globe, a coverage that he argued will finally “overload” as a part of its “financial revolution”.

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President Donald Trump and Israeli Prime Minister Benjamin Netanyahu meet within the White Home on February 4, 2025. (Anna Moneymaker/Getty pictures)

However the concern stays concerning the financial pitfalls of the brand new charges, particularly after the S&P 500 and Nasdaq noticed their worst decline within the decade on the finish of final week. Within the meantime, the commercial common of Dow Jones fell on Friday 2,231.07 factors, or 5.5%, which contributed to the priority about Trump’s commerce coverage.

Senate -remedy chief Chuck Schumer referred to as the charges a “large assault on American households” throughout an look on CNN on the weekend, with the argument that the coverage will solely serve to “assist the billionaires”.

Nonetheless, Trump appeared able to double on his tarief push within the coming week, promising the buying and selling plan will probably be a “victory” in the long run.

Chuck Schumer has spoken towards Trump’s charges. (Reuters)

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“We carry jobs again and firms like by no means earlier than. Greater than 5 trillion {dollars} in investments, and rising quickly! That is an financial revolution, and we’ll win,” Trump wrote about Fact Social on Saturday.

Within the meantime, Trump will arrange Netanyahu within the White Home on Monday, when the 2 leaders will most likely not solely talk about the 17% charge that the president has positioned on the outdated US ally, but in addition the continual growth of the Israeli invasion of Gaza.

Trump will most likely additionally preserve a detailed eye on the congress within the coming week, whereas GOP legislators are pushing ahead to advertise the agenda with MultiTrillion greenback by the president.

Speaker of the home Mike Johnson (Andrew Harnik/Getty pictures/file)

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The Senate has adopted Trump’s finances blue stress through the weekend, which now requires approval of the home to proceed to the finances coordination course of. However there are nonetheless doubts that Trump’s agenda can release the decrease room this week, the place the Gop has a slender majority that has robust disagreements between factions of the get together.

“The Senate is free to place pen on paper to arrange his reconciliation legislation, however I can not assist the house passage of the senate adjustments in our finances decision till I see the precise bills and absence discount plans to carry out the primary agenda of President Trump,” Rep. Andy Harris, the home Freedom Caucus chairman, on x on x on x on x on x on x on x on x on x on x on x on x on x on x on x on Saturday.