Skip to content
Trending
February 28, 2025Senators grill Trump’s CFPB director pick: You are ‘on the Titanic, good luck’ July 1, 2025Carnival shares pop on earnings beat and raised full-year outlook November 11, 2025Real estate titan Barry Sternlicht says he will ‘have to’ drop employees in favor of AI April 29, 2025General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs October 21, 2025Netflix reports earnings after the bell. Here’s what to expect December 9, 2025The Fed decision is expected to feature a rate cut and a lot more. Here’s what to expect June 5, 2025NBA team sponsorship revenue up 8% to $1.6 billion, boosted by jersey patches May 1, 2025U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses August 19, 2025Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist May 13, 2025‘The Germans are back:’ Business leaders tell government it’s time to deliver
  Saturday 8 August 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Economy  Trump advisor Hassett is confident tariffs will prevail despite judges’ ruling
Economy

Trump advisor Hassett is confident tariffs will prevail despite judges’ ruling

AdminAdmin—June 1, 20250

National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. 

Kevin Lamarque | Reuters

A top economic advisor to President Donald Trump expressed confidence Thursday that court rulings throwing out aggressive tariffs will be overturned on appeal.

More stories

German fiscal boost won’t outweigh tariff drag for euro zone, IMF’s Europe head says

April 28, 2025

UK inflation hits hotter-than-expected 3.6% in June

July 28, 2025

Trump’s Canadian tariffs are having a chilling effect on Vermont’s small business owners

March 16, 2025

Higher inflation and unemployment cast shadow over Europe’s biggest economy

August 30, 2025

Kevin Hassett, director of the National Economic Council, said in an interview that he fully believes the administration’s efforts to use tariffs to ensure fair trade are perfectly legal and will resume soon.

“We’re right that America has been mishandled by other governments,” Hassett said during a Fox Business interview. “This trade negotiation season has been really, really effective for the American people.”

The comments follow a ruling from judges on the Court of International Trade who said Trump exceeded his authority on tariffs, which are aimed both at combating barriers against American goods abroad and stemming the flow of fentanyl across the U.S. border.

While the Centers for Disease Control and Prevention has said that fentanyl is the primary driver in domestic overdose deaths, the judges ruled that related tariffs “fail because they do not deal with the threats set forth in those orders.”

Hassett bristled at the ruling and said the administration will continue its anti-fentanyl efforts.

“These activist judges are trying to slow down something right in the middle of really important negotiations,” he said. “The idea that the fentanyl crisis in America is not an emergency is so appalling to me that I am sure that when we appeal, this decision will be overturned.”

The administration has multiple options to get around the judges’ ruling, including other sections of trade laws it can utilize. However, Hassett said that’s not the plan at the moment.

“The fact is that there are measures that we can take with different numbers that we can start right now. There are different approaches that would take a couple of months to put these in place,” he said. “We’re not planning to pursue those right now, because we’re very very confident that this ruling is incorrect.”

Don’t miss these insights from CNBC PRO

Costco tops earnings and revenue estimates as sales jump 8%, shares still dip
U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says
Related posts
  • Related posts
  • More from author
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Economy

Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend

December 16, 20250
Load more
Read also
Earnings

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

May 2, 20260
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions