National Economic Council (NEC) director Kevin Haset said on Sunday that a market response to President Trump’s tariff policies will not stop him Proceed with their plans to take fees On imports.
In an interview on NBC News’s “Meat the Press”, Kristen Velkar asked the Economic Advisor of the White House if Trump could change the tariff rates again, if the market had done in April, when the tariff declaration sent the stock to the stock.
“Markets have seen what we are doing and persuaded them, so I don’t see how it will happen,” Haset replied when asked about future changes in tariff rates.
Velkar pressed the Haset: “Okay, but not taking it out?”
“No, I’ll exits it,” Haset replied. “Because these are the last deals.”
Trump signedexecutive OrderThursday amended tariff rates for dozens of countries, as they had planned twice to implement the “mutual” tariff on other countries. Tariff rates are lower than 41 percent to 10 percent on goods from Syria, the baseline installed for all imports.
The executive order states that all imports will face 10 percent tariffs. The order applies on 7 August.
Some countries have negotiated separate trade agreements to lock at tariff rates. For example, Indonesia and Thailand agreed for 19 percent tariffs, South Korea and Japan interacted on deals that included 15 percent tariffs, and the United Kingdom made a deal for 10 percent tariff. Some other nations that have not interacted on deals will face high rates.
Haset postponed tariff deals that the President had killed and said that those rates have been “shut down more or less” because other countries can continue to press for negotiations, even after the tariff kick.
“We have eight deals that covers our biggest trading partners, the European Union and Japan, Korea and so on the world GDP,” Haset said. “I hope that those cases have been reduced to more or less, although something around the edges will have to dance, which we really mean when we do it or.
He said, “For those deals that are not yet ready, they are going to get mutual rates soon, and then we would expect the conversation with those countries to continue,” he said.
