White House economic adviser Kevin Hassett confirmed the Trump administration will uphold its current global tariff structure despite market volatility and slowing job growth. Describing the tariffs as “final deals,” he said trading partners like the EU, Japan, and South Korea have accepted terms that include lowered but still significant duties.
Trump Locks In Global Tariffs Despite Market Turmoil
However, countries like Canada, Brazil, and India face steep hikes—25% or more. Trump’s moves have sparked international backlash, falling markets, and economic uncertainty. Despite this, Hassett defended the tariffs as beneficial. Critics warn of long-term harm, with experts comparing the policies to the disastrous 1930 Smoot-Hawley Tariff.
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