During a recent press briefing, National Economic Council Director Kevin Hassett discussed the current status of trade deals promised by President Trump amidst the administration's ongoing tariff strategy. Despite an optimistic tone regarding potential deals with countries like China and the U.K., Hassett acknowledged that actual agreements have not materialized as quickly as anticipated. Businesses are facing challenges from Trump's tariffs, which were raised during his second term, and while some countries are in talks, the overall sentiment highlights frustrations regarding the slow pace of negotiations and the realities of tariff impacts on importers.
Director Kevin Hassett indicated that while President Trump has many trade deals on his desk, progress has been slow since the administration's tariffs were implemented.
In regard to trade with China and the U.K., Hassett mentioned some agreements and lower tariffs, but acknowledged that many tariffs are still higher since Liberation Day.
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