At a recent Hudson Institute event, CEA Chairman Steve Miran elaborated on tariff negotiations, amid conflicting narratives from the Trump administration regarding their purpose. A White House official acknowledged these varying perspectives while a Trump adviser provided a list of demands for countries facing tariffs, suggesting that nations should approach the administration with offers to reduce tariffs. Miran emphasized that tariffs are expected to cause short-term economic fluctuations, stating they are not inflationary. Additionally, he encouraged improved cooperation among nations to share the burden of global public goods. Overall, there appears to be a push from the Trump administration for tariff modifications to foster a fairer trading system.