White House: Trade Talks Underway With 130 Countries
In an appearance on CNNs State of the Union, host Jake Tapper asked Hassett to respond to business owners concerns that long-term planning has become difficult amid shifting trade dynamics and tariffs.
I dont think at all that its run by capricious whim, Hassett said. If you think about the previous administration like a football team running out the clock, the Trump administration is running a two-minute offensefast-paced, aggressive, and focused on results.
According to the information Hassett highlighted key areas of policy acceleration, including tax reform, deregulation, and trade. He described trade as a matter of national security, arguing that the U.S. has become too reliant on foreign goods and must reduce that dependencyespecially in the event of conflict.
The whole point of our trade agenda is to address the emergency of overdependence on foreign products, Hassett said.
He referenced the administrations newly implemented reciprocal trade act, under which countries that negotiate fair deals with the U.S. are rewarded with low 10% tariffs. So far, 130 nations have responded and are actively negotiating, Hassett confirmed.
Really, its almost a two-world system right now, he added. Youve got the broad group of countries coming to the table with good offers and progress. And then theres China, which remains in the early stagesif even that.
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