Trump Nears 20–25 Tariff Deals, Hassett Says

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Full Story

National Economic Council Director Kevin Hassett revealed that President Trump is close to finalizing 20 to 25 tariff deals to bolster U.S. trade policy. Hassett emphasized Trump’s hands-on approach, noting the president refines each deal personally. The announcement signals an aggressive push to reshape global trade under the current administration.

Hassett indicated the deals are nearly complete, pending Trump’s final approval. The specifics of the agreements, such as countries involved, remain undisclosed.

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The Context

Tariffs, taxes on imported goods, are a key tool in Trump’s economic strategy to protect U.S. industries. They aim to encourage domestic production but can raise consumer prices.

The National Economic Council advises the president on economic policy, coordinating with agencies. Hassett’s role involves guiding trade negotiations to align with Trump’s vision.

Trump has historically used tariffs to pressure trading partners, as seen in his first term with China. The new deals suggest a continuation of this approach.

Some businesses support tariffs for shielding local industries from foreign competition. Others, especially importers, worry about higher costs and supply chain disruptions.

Consumers may face mixed impacts, with some favoring job growth from tariffs, while others resent price hikes. The deals’ success hinges on their economic outcomes.

Public opinion divides, with some praising Trump’s trade stance, while others fear economic strain. The deals could reshape U.S. trade for years.