Trump’s economic advisor Kevin Hassett made a critical statement about tariffs. Let’s examine the details.
Will Donald Trump Delay Tariffs?
President Donald Trump’s tariff policies continue to shake global markets. Earlier today, Trump’s economic adviser Kevin Hassett made a statement that drew significant attention. According to Hassett, Trump is considering suspending tariffs for 90 days on all countries except China. This news briefly eased market tensions—but confusion quickly followed.
According to CNBC, sources within the White House said they were completely unaware of any such consideration. The fact that top officials had no knowledge of this plan sparked speculation of a communication gap within the administration. Was Hassett expressing a personal opinion, or was it an early leak of an upcoming policy change?
The uncertainty didn’t last long. In a last-minute official statement, the White House denied the 90-day suspension, calling it “fake news.” With this clarification, it became clear that there are currently no plans to delay tariffs.
These mixed signals have only added to the pressure on the markets. Recently, the S&P 500 experienced sharp declines, and growing investor anxiety has made every statement from the administration even more impactful. With high-profile critics like Elon Musk and Bill Ackman openly opposing the tariffs, any shift in trade policy could significantly influence market sentiment.
In conclusion, for now, the Trump administration has no intention of pausing tariffs. However, the conflicting messages and volatile market conditions suggest that this topic could resurface in the near future.
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