National Economic Council Director Kevin Hasset joins Fox and Friends to discuss President Donald Trump’s tariff pressure despite a billionaire’s call for hedge fund was a tariff break in order to resolve “unjust asymmetrical” deals.
President Donald Trump’s best economic adviser was firmly against critics of the White House tariff plan, claiming that the “excessive” reaction ignores how it will eventually benefit from GDP (GDP).
“I think the president will decide what the president will decide. There are more than 50 countries in negotiations with the president,” said National Economic Council Director Kevin Hasset The Fox and Friends Monday.
“But I would call everyone, especially (ACMAN), to relieve the rhetoric a little,” he continued. “The idea is that it will be a” nuclear winter “or something is completely irresponsible rhetoric.”
The actions fell on Monday, after briefly turning positively, as President Trump defended his tariffs for key trading partners.
Stock sink for a third session in the tariff stroke: live updates
The Dow Onesons industrial average fell by 800 points, or 2.2%, while the S&P 500 and Nasdaq composite dropped by 1.7%and 1.4%, respectively.
Actions continue their way Last week, when Dow fell 2,231.07 points, or 5.5%, while the S&P 500 and Nasdaq composite fell 5.97%and 5.82%, respectively, to the closed Bellvonche on Friday. Nasdak entered the territory of bears on Friday.
Director of the National Economic Council, Kevin Hasset, called the tariff criticism “excessive” and “completely irresponsible rhetoric”. (Samuel Corm/SIPA/Bloomberg through pictures of Getty/Getty)
Was the billionaire’s act was ACMAN Called a 90-day “time period” At Trump’s reciprocal tariffs, a warning to the United States that creates “self-induced, economic nuclear winter”.
In a longer X -Sunday, the founder of Persing Square Hedge funds claims that the United States “stands 100% behind the president to fix the global tariff system that discouraged the country”, but noted that business “is a play for confidence and confidence depends on confidence.”
His dispute continued: “The president has the opportunity to call a 90-day time, to negotiate and solve the unjust asymmetric tariffs for deals … We head to a self-induced, economic nuclear winter and we need to start hunting.”
Chief Executive Officer of Capital Infrastructure Councilors Jayei Hatfield and Michael Lee spoke against steep losses of stock, fears of recession and what is ahead of the earnings season.
“The fact is that the basic tariff of 10% is about 14% of GDP. That’s how much trade we have, how much import. And so, 86% of GDP affects deregulation and tax cuts and everything else,” Hasset replied.
“Many of us in the White House believe that these economic answers are exaggerated by critics,” he expanded. “Even if we think there will be some negative effect on the trading side, it is still a A small share of GDP. “
The best economist said tariff talks with Israel and Taiwan would be held on Monday, as Trump took the truth to the truth to strive that the United States brings “billions of dollars a week” from tariffs already established on “abuses of countries”.
Get the fox business on the go by clicking here
Elon Musk says he hopes for a future where tariffs are no longer needed for the United States and Europe.
“In the end, President Trump will decide when the deal is good enough. And I think it’s interesting that so many countries are preparing,” Hasset said.
“Politics like this, in his last term, have helped US workers. After, indeed, two decades without real salary growth in the United States, we got more than $ 6,000 for (families) after we had tariffs and tax cuts and deregulation. And so he doubled something he knows.
This report contributed to this report, Matthew Casin and Daniele Wallace.
Source link
