Economic Confidence and Trade Progress

United States National Economic Council Director Kevin Hassett expressed unwavering confidence in the U.S. economy's resilience, stating he is "100% not expecting a recession" this year. His remarks came during a revealing interview with Fox Business, where he also highlighted significant advancements in trade discussions with the European Union.

Addressing Insider Trading Allegations

Hassett took the opportunity to dismiss claims of insider trading within the White House, particularly in the context of President Donald Trump's decision to halt most tariffs. He emphasized the administration's commitment to transparency and fairness in all its dealings.

Focus on National Security

Looking ahead, Hassett mentioned an upcoming announcement by President Trump regarding a semiconductor levy. This measure is specifically designed to target chips that have implications for national security, underscoring the administration's priority to safeguard the country's technological and defense interests.