President Trump’s chief economic adviser, Kevin Hassett, has dismissed allegations of insider trading within the White House, calling them completely unfounded. In an interview with Fox Business, he assured that there is “absolutely no” insider activity and said the administration is making significant headway in tariff negotiations with the European Union.
Hassett also emphasized that the White House sees no signs of an upcoming recession, stating they are “100% not expecting” one. He noted that potential limits on rare earth exports are under serious review and added that the administration remains deeply concerned about China’s overall behavior and economic practices.
Trump said the stock market got very strong once it got used to tariffs.
Meanwhile, the Dow is down over 400 points from its day high, and the Nasdaq has dropped more than 275 points from its day high.
President Trump said he’s ready to impose tariffs on imported pharmaceuticals, stating, “All I have to do is put a tariff on them… the higher the tariff, the quicker they’ll come back.”
President Trump said he’s considering helping car companies by adjusting tariffs because they need time to adapt. He also mentioned recently helping Tim Cook and added that he doesn’t want to hurt anyone, saying, “I’m a very flexible person.”
Janet Yellen says President Trump’s actions are making people lose trust in the U.S. dollar and investments linked to it.
Be First to Comment