Agriculture Secretary Brooke Rollins addressed the “uncertainty” felt by farmers amid President Donald Trump‘s business conflict, suggesting that existing business surprises will remain for” a few weeks or a few months”.
As the leader stairs up the implementation of new levies, Trump and his top aides have started setting objectives for financial “disturbances” ahead of what they’re calling a “golden age” of success in America.
But, markets have reacted less strongly to the government’s agenda.
Rollins recently spoke to reporters Tuesday night at the White House, where she was asked to solve doubt felt by U. S. producers in specific.
She reiterated that Trump views taxes as” a very important part of his instrument system” but claimed that the leader “has our Ag manufacturers ‘ up and the producers and the ranchers”.
” Someone has to right-size the ship, and he’s been pretty apparent”, Rollins continued. ” It’s going to be a little bit slippery for even a few weeks or a few months, but at the end, his vision, and suddenly, what we’re effectuating, is that our American farmers and ranchers, but really, all Americans will be moving into an era of greater prosperity”.
During his address to a joint session of Congress next week, Trump told the country to make for short-term financial “disturbance”, but White House authorities have danced around how long it will take for Trump’s tax warfare to lower prices for households.
Meanwhile, recession speculation has boomed in recent days. Earlier this month, the Atlanta Federal Reserve’s GDPNow gauge began projecting a 2.8 % economic contraction in the first three months of the year, ending March 31, down from Friday’s projection of a 1.5 % decline.
” There’s going to be no recession in America”, Commerce Secretary Howard Lutnick countered during a Sunday interview on NBC. ” Global tariffs are going to come down because President Trump has said,’ You want to charge us 100 %? We’re going to charge you 100 %.'”
Rollins had some positive news to report on Tuesday, with egg prices coming down by$ 2 since the Trump administration started its effort to combat , H5N1 bird flu,  , which has decimated the poultry industry.
Late last month, Rollins announced that the , Agriculture Department , would spend ,$ 1 billion  , in its effort to lower egg prices and curb the spread of the highly pathogenic avian influenza, or bird flu.
TRUMP WHITE HOUSE ABANDONS STOCK MARKET BAROMETER AMID RECESSION FEARS
In addition to possibly importing up to 100 million eggs from foreign markets, Rollins’s plan included subsidizing biosecurity measures for poultry farms and continuing research on the efficacy of preventive vaccines for poultry.
” We’re more focused on how we bring the price of eggs down and the avian bird flu for everyone”, Rollins told reporters Tuesday morning. ” A good piece of news we just got in the last day or two is that the average cost of a dozen eggs has gone down$ 1.85 since we announced our plan about a week and a half ago”.
Gabrielle Etzel contributed to this report.
