National Economic Council Director Kevin Hassett warns of uncertainty due to Trump's tariff policy. Hassett believes the situation will be resolved after April 2.
Tariff Policy Reassessment
According to Kevin Hassett, tariffs will be imposed on countries with existing duties or non-tariff barriers on U.S. products. Trump is ramping up tariffs strategy, including duties on steel and aluminum, and threatening new tariffs on Canadian goods and European wines.
Impact on Business and Economy
NFIB economist Bill Dunkelberg notes high market uncertainty. Due to tariff policy, the percentage of small businesses expecting better conditions has dropped, and fewer companies see the current period as good for expansion.
Prospects and Challenges
Simon Johnson from MIT believes the economy will slow if Trump stays on this path. Compliance with USMCA remains a problem for Canadian and Mexican goods.
While Hassett is confident that the situation will stabilize after April 2, the uncertainty over Trump's tariff strategy continues to significantly impact markets and economic decisions.
