On April 10, 2025, Kevin Hassett of the National Economic Council discussed U.S. economic policy with CNBC, emphasizing a 90-day tariff pause, exempting China.
The tariff pause aims to address market concerns, with Hassett tracing significant moves like a 3,000-point market shift, potentially impacting future economic policies.
Trump Implements 90-Day Tariff Pause Excluding China
Kevin Hassett, National Economic Council Director, highlighted the Trumpโs administrationโs decision to implement a 90-day tariff pause on April 10, 2025, aiming at stabilizing economic volatility.
Hassett noted that despite external perceptions, the administration is united, with key figures like Commerce Secretary Elon Musk involved in these efforts. โI donโt really like the characterization that weโre divided amongst teams,โ said Hassett. The pause excludes China.
Market Shifts 3,000 Points After Tariff Announcement
The bond marketโs decline influenced Trumpโs tariff decision, aiming to alleviate economic pressure. Hassett noted the marketโs 3,000-point shift after the announcement.
The pause is seen as a tactical move to foster trade deals benefitting American workers. Historical trends suggest such policies could support market stability and growth.
Historical Tariff Policiesโ Economic Impacts Analyzed
Similar policies in the past have caused economic shifts. Hassett acknowledges historical risks of economic downturns but aims to prevent severe recessionary impacts.
Experts from Kanalcoin suggest a cautiously optimistic view, noting the administrationโs strategy could enhance market confidence if well-executed.
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