Hassett: Tariff revenue is expected to help reduce the deficit and support the bond market
2025-04-10 11:40:08
Hassett, White House economic adviser: (on Trump's tariff moratorium) Everything is moving in order. The bond market may have had some influence on the tariff decision, but it did not provoke a panic reaction. Negotiations are "feasible" within a 90-day time frame, and tariff revenue is expected to help reduce the deficit and support the bond market. "Special" agreements are needed to bring tariffs down below 10%, and President Trump must create leverage to begin negotiations.
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