National Economic Security
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WH deputy press secretary touts tariffs as key to ‘SAFEGUARDING' economic security
Youtube· 2026-03-08 03:00
Economic Growth and Job Market - The administration emphasizes that one month of weak job data does not indicate a trend, attributing the decline to unseasonably cold weather and a significant strike on the West Coast and in Hawaii [1] - Despite the recent job report, there has been net private sector job growth in the first two months of 2026, supported by tax cuts, reduced regulations, and tariffs driving an investment boom [2][3] - Trillions in investments are flowing into the U.S. from around the world, indicating a capital expenditure boom by corporate America, which is expected to positively impact the job market [3] Wage and Productivity Growth - Wage growth and productivity growth remain strong, with the ISM index showing positive results, suggesting that the recent job report may be an outlier [4] Oil and Gas Market Stability - Rising gasoline prices, which have increased by over 11% in a week, could threaten perceptions of controlled inflation, prompting the administration to explore options to stabilize the market [4][5] - The administration is collaborating with the private sector and international partners to ensure market stability, particularly in the Gulf region where 20% of global oil is transported [7][8] Insurance and Shipping Challenges - The Development Finance Corporation is working to provide risk insurance coverage to facilitate the movement of oil supplies from the Gulf, with the U.S. Navy prepared to escort ships if necessary [9] Tariff and Trade Policy - A federal judge has ordered the administration to refund over $130 billion in unlawful tariffs, with more than 2,000 companies filing for refunds, and two dozen states suing over new global tariffs [10][11] - The administration remains committed to using tariffs to protect national economic security and to end previous trade policies, focusing on cementing and signing new trade deals [12][13]