Hassett Dismisses 2025 Recession Fears Amid Tariff Talks

Kevin Hassett, director of the National Economic Council, confidently dismissed the possibility of a recession in 2025, emphasizing strong job numbers and ongoing investments in U.S. manufacturing. He noted that Trump's tariff policies have prompted companies to increase domestic production, despite uncertainties. Hassett highlighted 'astonishing' progress in trade negotiations, with over ten deals being considered, and reassured that there was no insider trading linked to recent market movements. The Trump administration's reciprocal tariffs have been paused to negotiate bespoke trade deals, but existing tariffs continue to affect import dynamics. Despite market volatility, Hassett remains optimistic, countering Wall Street's recession forecasts and emphasizing the administration's focus on ensuring foreign investment in U.S. manufacturing sectors.