A top adviser to President Donald Trump is saying that the new tariffs are not meant to tank the stock market. Kevin Hassett, the head of the National Economic Council, went on ABC’s This Week to calm nerves, assuring viewers that there won’t be any major economic instability from the tariffs.
Hassett shot down concerns about rising prices, claiming that while prices could go up a bit, the tariffs will ultimately help create more jobs and better wages by balancing trade deficits with countries like China. He argued that if past trade policies really worked in Americans’ favor, wages would have gone up, not down, over time.
He also responded to a video Trump posted over the weekend on Truth Social, where Trump suggested that crashing the stock market could be a “chess move” to get the Federal Reserve to cut interest rates. Hassett firmly denied that the president was trying to harm the market, saying the goal was to create a “golden age” for American workers.
Hassett emphasized that Trump is staying true to his campaign promises and pushing policies that aim to level the playing field for American workers. Despite recent market slumps, he insists it’s all part of a bigger strategy for long-term economic growth.
No Need to Panic: Trump Adviser Denies Trade War’s Effect on Stock Market”
