White House Advisor Confident in Overturning Tariff Ruling

• Lyla Velez
• May 29, 2025
• News
• 0 Comments

Hassett’s Commitment to Tariff Policies

Kevin Hassett remains steadfast in defending the Trump administration’s tariff policies against recent legal setbacks. The initial court decision led to financial markets reactions as investors assessed the ongoing trade tensions. Hassett describes the tariffs as beneficial for American workers, though market opinions remain divided.

“The judges’ decision on tariffs will be overturned.” — Kevin Hassett, Chair of the White House National Economic Council.

Financial and Market Impacts

Financial impacts from the tariffs have been noteworthy, as analysts express concerns about potential inflation and growth slowdowns. Federal Reserve Chair Jerome Powell noted potential repercussions of the trade war. The administration insists its policies are foundational in achieving long-term economic goals.

Markets have responded variably, reflecting uncertainty while awaiting the appeal outcome. JPMorgan Chase revised global recession risks due to the ongoing tariff debate. Investors remain attentive to further developments, as their decisions hinge on the unfolding legal and economic scenario.

Outlook on Future Trade Deals

Hassett’s outlook regarding future trade deals remains optimistic, suggesting the current legal challenges will not hinder ongoing negotiations. Historical precedents indicate the administration’s resilience in pursuing its agenda, reflecting its prioritization of American economic sovereignty over immediate financial market responses.