"Doubling Down": Trump's Tariff Policy Unwavering Despite Market Turmoil, Says White House Advisor
Washington D.C. - Amidst growing concerns from economists and investors over the impact of President Trump's newly imposed tariffs, a top White House advisor has declared that the administration is standing firm. National Economic Council Director Kevin Hassett addressed the anxieties head-on, suggesting that the market's reaction is an overblown response to a policy the President believes will ultimately benefit American workers.
"I would urge everyone, especially Bill [Ackman], to ease off the rhetoric a little bit," Hassett stated during a Fox News interview Monday morning, directly responding to calls for a reevaluation of the tariffs.
The statement comes as global markets grapple with uncertainty surrounding the new trade barriers. Investor Bill Ackman has publicly advocated for a "90-day time out" to assess the situation, highlighting the potential risks to the economy.
However, Hassett dismissed the notion that a market downturn would sway the President's resolve. When questioned about the possibility of the Dow Jones Industrial Average influencing a change in strategy, Hassett asserted, "The president has made it clear that this policy he believes will help American workers… He's doubling down on something that he knows works."
The White House's unwavering stance signals a potential continuation of the trade disputes, with implications for businesses and consumers alike. While critics warn of potential economic repercussions, the Trump administration remains confident in its approach to bolstering the American workforce.